Complex sentence: On 24 February the regiments designation was changed to the 1st Battalion, Glider Pilot Regiment and alongside a newly raised 2nd Battalion, Glider Pilot Regiment and the battalions of the Parachute Regiment formed the Army Air Corps.
Split into simpler sentences: On 24 February the regiments designation was changed to the 1st Battalion, Glider Pilot Regiment, following the creation of the 2nd Battalion, Glider Pilot Regiment. Together with the battalions of the Parachute Regiment, they formed the Army Air Corps.