Chiway Education's US deal shows investment in aviation schools timely

In February last year, the Wayman Aviation Academy underwent one of the biggest changes in its 31-year history.

The flight school in Florida became part of Shanghai's Chiway Education Investment Co, which owns and operates schools in China, Singapore and the United States.

"The shortage of pilots around the world has had many people eyeing the flight schools business, and it is the main reason that Chinese enterprises acquired flight schools," said Tony Shen, president of the academy. "By opening up the Chinese market, the acquisition gives the school more opportunities for development."