A private Chinese company, the Sichuan Haite High-Tech Co. Ltd., will invest 95.3 million Singapore dollars to set up an aviation training centre in the country.
The Haite High-tech Singapore Aviation Training Center is expected to be operational by early 2015, making it the largest pilot training centre in Singapore, Xinhua reported.
The company said that prospects for the aviation training market in the Asia-Pacific region are very bright over the next decade. During this period, some 44,000 pilots will be needed to support the growing aircraft fleets.
Sichuan Haite High-Tech Co. Ltd. is currently the only company in the business of aviation maintenance listed on the country's stock exchange. Its total asset value stands at 40 billion yuan ($6.5 billion).
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