ST Engineering’s aerospace arm clinches $23m in pilot training contracts

Including a deal with China Airlines.

ST Aerospace maintains its steady stream of pilot education deals as it secures four contracts worth $23m.

According to a press release by ST Engineering, the contract wins include a three year ab-initio pilot training with China Airlines where the cadets will undergo the Civil Aviation Safety Authority of Australia’s commercial pilot licence with instrumental rating programme at ST Aerospace’s flight academy located in Ballarat Airport in Victoria, Australia.

Other contracts include an ab-initio pilot training with Hainan Airlines, a one-year extension contract from the Qatar Aeronautical College and another extension contract from Xiamen Airlines.

“The above developments are 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,” ST Engineering said.