ST Engineering injects $6.2m in ST Aerospace Academy

Its pilot training business is growing.

ST Engineering’s confidence in the commercial pilot training business continues to grow as it maintains investments in pilot training capacity and capabilities to support the rising demand globally.

Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace), through its wholly owned subsidiary ST Aerospace Engineering Pte Ltd (STA Engineering), has injected US$4.87m (S$6.2m) into the capital of its wholly owned subsidiary, ST Aerospace Academy Pte Ltd (STAA). This would bring STA Engineering’s total equity investment in STAA to US$12.98m (approximately S$17.6m). 

The capital injection is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.