Airbus and SIA establish flight training centre in SG

Facility will be 55 per cent owned by Airbus and 45 per cent owned by SIA.

Airbus SIA

Airbus and Singapore Airlines (SIA) have signed a Memorandum of Understanding to establish a flight training joint venture in Singapore.

The announcement which was made during the Singapore Airshow highlighted that the facility will be called Airbus Asia Training Centre (AATC) and will be 55 per cent-owned by Airbus and 45 per cent-owned by Singapore Airlines. The two parties will initially contribute approximately SGD 80 million towards AATC, in proportion to their respective shareholdings. Subject to regulatory approvals, operations are expected to begin before the end of 2014.