ST Engg unit buys Texas-based flight school
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Nisha Ramchandani
SINGAPORE Technologies Engineering's Vision Technologies Aerospace Inc has snapped up a Texas-based flight school, Aviation Academy of America, for US$811,238 in a bid to expand its pilot training business.
VT Aerospace, which owns five aerospace operating companies in the US, is a subsidiary of Vision Technologies Systems Inc, the US headquarters of ST Engineering.
"The acquisition is part of the group's aerospace sector's strategic initiative to grow its pilot training capacity and capabilities to support the rising global demand," ST Engineering said in a press release yesterday. "Marketed as part of ST Aerospace's global network with an expanded footprint into the US, the new business will work closely with the aerospace sector's existing pilot training businesses in Singapore and Ballarat, Australia, to offer an integrated suite of pilot training services to customers around the world."
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