CREATE TABLE table_47148 ("Company" TEXT, "Type" TEXT, "Principal activities" TEXT, "Incorporated in" TEXT, "Group's Equity Shareholding" TEXT)

Which Incorporated in has a Group's Equity Shareholding of 100%, and a Principal activities of flight academy?
SELECT "Incorporated in" FROM table_47148 WHERE "Group's Equity Shareholding" = '100%' AND "Principal activities" = 'flight academy'
SELECT "Incorporated in" FROM "table_47148" WHERE "Group's Equity Shareholding" = '100%' AND "Principal activities" = 'flight academy'