ST Aerospace acquires remaining stake in pilot training academy

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Maintenance, repair and overhaul firm ST Aerospace has acquired a remaining 30% equity stake in ST Aerospace Training Academy (STATA) for S$4 million ($2.96 million).

It bought the stake from the other shareholder, Aviation Training Academy (Singapore), through its wholly owned subsidiary, ST Aerospace Engineering.

With this acquisition, STATA becomes a wholly owned subsidiary of ST Aerospace Engineering, says ST Aero.