Singapore Technologies Engineering today announced that its aerospace arm, Singapore Technologies Aerospace, has acquired the remaining 30% equity stake in ST Aerospace Training Academy (STATA) through its wholly-owned subsidiary, ST Aerospace Engineering.

The equity stake was acquired from the other existing shareholder, Aviation Training Academy (Singapore), for $4 million. With this acquisition, STATA becomes a wholly owned subsidiary of ST Aerospace Engineering.

Managed and operated by ST Aerospace as part of its global network, ST Aerospace’s commercial pilot training academy is the first non-airline affiliated flight training organisation in Singapore to offer commercial pilot training services to network airlines, low cost-carriers and individuals.