2017 marked several milestones for our industry. Sixty million passengers passed through Changi’s gates, and our companies continue to strengthen and grow apace.
Our industry is well-positioned to take on the challenges of the future. Demand for air travel will continue to strengthen. We are making investments in infrastructure and human capital which will further strengthen our competitiveness.
We continue to work with companies and workers to ensure that our industry continues to flourish. Our emphasis will be on building capabilities and maintaining high safety standards to facilitate the growth of a safe and vibrant aviation industry. Recent milestones include:
a) Air Transport Industry Transformation Map, aimed to transform and grow the aviation industry by improving the sector’s competitiveness and service standards;
b) Mutual recognition agreements with European Aviation Safety Agency and US Federal Aviation Administration, to facilitate aviation businesses in Singapore and the partner countries;
c) The Singapore State Safety Programme, to better manage safety and address risks in aviation more holistically at the State level.
Looking ahead, CAAS will focus our efforts to meet the challenges of the future through innovation to build new capabilities, enhance safety effectiveness and contribute to thought leadership and sustainability to entrench our position as an aviation hub of choice.
I look forward to continue working with you, so that together we can enable our aviation industry to be future-ready.
Within two decades, the world will see a doubling of air passengers – IATA expects 7.8 billion to travel in 2036. An increasing number will come from Asia Pacific, spurring a rapid growth in aircraft deliveries. By then, the region is expected to account for 37 per cent of the global fleet, and will undoubtedly be the world's largest aviation market. As the leading aerospace hub in the region, Singapore is poised to capture these growth opportunities.
In recent years, we facilitated a number of significant investments by companies in aerospace manufacturing and MRO. These included expansions and new facilities from Eagle Services Asia, Thales, Sabena technics and local players like JEP Precision. In R&D and innovation, we received investments from Rolls-Royce and SAESL in a Smart Manufacturing Joint Lab with A*STAR, and SIAEC has started an Innovation and Technology Group to explore areas like additive manufacturing and data analytics.
Against this backdrop, we are confident that 2018 will be another positive year for Singapore's aerospace industry. With our strong pool of skilled talent, a robust intellectual property protection regime and proximity to key customers, Singapore is a trusted partner for aerospace companies looking to capitalise on Asia’s growth.
The aviation industry continues to be a hotbed for investments and business opportunities in the coming years, especially with number of travellers expected to almost double from 4 billion in 2017 to 7.8 billion in 2036. With Asia-Pacific anticipated to contribute more than 50% of this growth, Singapore is in good stead to benefit from being a key aerospace hub for the region.
As the government agency driving Singapore’s external economy, International Enterprise (IE) Singapore partners our Singapore companies in their internationalisation plans. We offer assistance programmes under the Market Readiness Assistance (MRA) and Global Company Partnership (GCP) framework which Singapore companies can tap on to go global. We also work with industry associations like the Association of Aerospace Industries (Singapore) (AAIS) to promote the Singapore aerospace industry, through participation in tradeshows and facilitation of Business-to-Business meetings. With our global network in over 35 locations, IE Singapore can link overseas players to like-minded Singapore partners to grow your business.
With the upcoming merger between IE Singapore and Spring Singapore to form Enterprise Singapore, we look forward to working even more closely with AAIS to uncover more aerospace opportunities for Singapore companies, and to facilitate stronger business collaboration between our partners from international aerospace companies and our Singapore companies.
Our heartiest congratulations to the Association of Aerospace Industries (Singapore) (AAIS) on your 15th anniversary and the launch of your new digital directory! Over the years, the AAIS has grown from strength to strength and has been our valuable partner in fostering the growth of the aerospace community and facilitating business networks.
2018 is also a special year for JTC as we commemorate our 50th anniversary as Singapore’s lead agency in the planning, development and promotion of dynamic industrial spaces. It is coincidentally our 10th year of development for the Seletar Aerospace Park, and we celebrate this milestone with companies that have made Seletar their home, partners like AAIS, as well as fellow agencies, who have worked closely with us in developing a compelling environment for a vibrant aerospace community.
Seletar Aerospace Park is now recognised as Asia’s leading aerospace hub – home to over 60 multinational companies and local enterprises, a vibrant community of 6,000 professionals, as well as a myriad of aerospace business activities. JTC further endeavours to create an inspiring environment for aerospace professionals and the community through spaces like The Oval, a cluster of restored Black and White bungalows that is both our epicentre for activities within the estate and a vital part of Seletar’s rich heritage charm.
We trust that our continued efforts will benefit our customers and our larger Singapore community, and we look forward to continued close collaborations with AAIS and the industry in the year ahead.
The Asia-Pacific aerospace industry has been growing at a tremendous pace with the region benefitting from an unprecedented increase in global outsourcing activities. This presents good growth opportunities for Singapore enterprises providing supporting services to the aerospace industry.
As Singapore’s enterprise development agency, SPRING Singapore has been working closely with public and private sector partners to upgrade the business capabilities of these SMEs for competitiveness and expansion. Local SMEs are developing niche capabilities in engineering and manufacturing services, creating new and innovative products and processes, and forming strategic partnerships to offer a more complete value-chain of services to enter new markets.
The upcoming merger of IE Singapore and SPRING Singapore to form Enterprise Singapore will allow the Government to better support and grow our companies in today’s dynamic economic environment. Enterprise Singapore will leverage existing expertise and networks of both agencies to provide more holistic support to our companies as they build up their capabilities and expand into overseas markets.
We look forward to continuing our close partnership with AAIS to help the local aerospace industry soar to greater heights.
It is an exciting time for the aviation and aerospace industries in Asia-Pacific. The region is set to account for a third of worldwide aircraft deliveries over the next 20 years. MRO growth will consequently experience growth in demand reaching some US$20 billion by 2030, according to analysts.
We are excited to launch the Asia-Pacific Aviation Directory (APAD) to cater to the needs of procurers, suppliers and service providers who are gearing up for these opportunities. The APAD is a a one-stop reference and leading market place where buyers can easily browse, search and review suppliers based on specific needs. Suppliers can showcase detailed content relating to their products and capabilities, certifications, operations and innovations.
Don’t miss this opportunity to showcase your business alongside other companies seeking to participate in the Asia-Pacific market.
AAR is an independent provider of aviation services to commercial and government customers in more than 100 countries. As an aftermarket expert, we leverage our award-winning MRO expertise, parts supply experience, global warehouse network, and seamless digital platforms to create custom solutions. As a public company that has been in business for more than 60 years, AAR has the financial stability to invest on our customers behalf and are still nimble enough to adjust to their needs.
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BOC Aviation is a top tier global aircraft operating leasing company. Our business model is underpinned by strong global trends in aviation. Our aircraft are mobile and can be redeployed globally, with long economic lives. Our business scale and investment grade credit ratings make us an attractive counterparty to both aircraft manufacturers and airline customers. We benefit from a low average cost of funds, strong credit ratings, diversified funding sources and support from our controlling shareholder, Bank of China.
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Since 1974, Chemicals & Machinery prides ourselves as being one of the leading distributors of speciality chemicals and quality machinery solutions in the South East Asian region. With a team of great engineers, logisticians and support staffs, we are poised to provide you with the great service and quality that your business deserves. At the heart of what we do, you, the client, matters most to us.
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Cyient is a recognized global leader and shared innovation partner for design-build-maintain services in the aerospace and defense industry. Cyient Singapore provides aftermarket solutions for airlines, OEMs, engine centers and repair business units. We develop new repair engineering processes meeting customer-specific MRO/aftermarket requirements – collaborating with customers to improve time-to-market, scale resources, and reduce costs; and helping to increase revenue, profitability, and competitive advantage.
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ICF (NASDAQ:ICFI) is a global consulting services company with over 5,000 specialized experts, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
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JTC is the lead government agency responsible for the development of industrial infrastructure to support and catalyse the growth of industries and enterprises in Singapore. It is the masterplanner and developer of the 320-hectare Seletar Aerospace Park, an integrated aerospace hub with purpose-built facilities such as JTC Aviation One, JTC Aviation Two and JTC AeroSpace that enable quick start-up for companies.
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Headquartered in Bethesda, Maryland, Lockheed Martin is a global security, innovation and aerospace company which serves both U.S. and international customers with products and services that have defense, civil and commercial applications. The Company employs approximately 97,000 people worldwide and is organized around four core business areas: Aeronautics, Missiles and Fire Control, Rotary and Mission systems, and Space Systems. For more information, please visit: www.lockheedmartin.com.
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Established in 2005, OEMServices is a worldwide leader in aircraft component, logistic and trading services. Founded by four major Original Equipment Manufacturers (OEMs); Diehl Aerospace, Liebherr Aerospace, Thales Avionics and Zodiac Aerospace with a mission to provide expertise by developing original solutions linking aircraft operators and OEMs, OEMServices offers airlines and OEMs fully integrated support services by regrouping capabilities, assets and expertise of various OEMs…
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PPG is a leading manufacturer of original equipment and replacement aircraft transparencies, PRC® and Pro-Seal™ aerospace sealants, DeSoto® and Deft aerospace coatings, Cuming Microwave specialty materials and coatings, Surface Solutions aircraft maintenance products, Semco® packaging & application systems for commercial, regional, military and general aviation. PPG also offers chemical management services & framing repair services and operates a global network of Application Support Centers.
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Pratt & Whitney is an established company in Singapore’s aviation industry. Since setting up the first facility in 1983 in Asia Pacific and over a span of more than 30 years, it has established a long and growing presence in this region with a wide-ranging network of engine maintenance, repair and overhaul (MRO) capabilities and most recently, expanded manufacturing operations in China and Singapore.
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As one of the six autonomous universities in Singapore, SUSS’s mission is to provide lifelong education, equipping learners to serve society. Over 14,000 students and 27,860 alumni have chosen SUSS for its high academic standards, programme quality and diversity, flexible learning environment, applied focus, social conscious emphasis and strategic partnerships. SUSS offers more than 60 academic programmes in various disciplines across five schools…
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Walter AG is a leading player in the international metalworking industry with seven production units and over 3500 employees worldwide. As an innovative partner capable of creating digital process solutions for optimal efficiency, Walter is pioneering Industry 4.0 throughout the machining sector.
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