PILOT TRAINING

Singapore Technologies Engineering Ltd. has announced that Vision Technologies Aerospace Incorporated (VT Aerospace) has acquired 100% equity interest in Aviation Academy of America, Inc. Following the acquisition, Aviation Academy of America, Inc. will become a wholly owned subsidiary of VT Aerospace.

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. 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. Based in New Braunfels, Texas, Aviation Academy of America is a US Federal Aviation Administration Part 141 approved flight school currently operating at New Braunfels regional airport.