20 April 2012

ST Aerospace’s commercial pilot training arm, ST Aerospace Academy (STAA) has been awarded a five-year pilot training contract by Tiger Airways. Commencing in the second quarter of 2012, STAA is expected to train more than 100 pilots for Tiger Airways. Under the agreement, STAA will conduct ab-initio and advanced pilot training programmes. The ab-initio programme,

HEICO Corporation reported that its Radiant Power Corp. (“Radiant”) subsidiary, acquired the aerospace assets of Moritz Aerospace, in an all cash transaction. Radiant is part of HEICO’s Electronic Technologies Group. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were