• Scaling New Heights
• No. 1 in Asia for MRO
• Host of Leading International Airshow
• A Competitive, Efficient and Comprehensive Cluster of Capabilities
• A Workforce Geared Up to Meet Exacting Demands
• World-Class Integrated Aerospace Park

The global aerospace and aviation industries have been in strong expansion mode. Between 2005 and 2007, a record number of new aircraft orders were placed with the two leading aircraft makers, Airbus and Boeing. By 2026, the commercial aeroplane fleet worldwide should more than double to 36,400, based on Boeing’s Market Outlook. High fuel costs remain a significant challenge for the aerospace sector. However, air traffic growth for the Asia-Pacific region is expected to stay ahead of the global average, underpinned by demand in fast-growing China and India.

 

Singapore is particularly well-equipped to capture the demand for aviation-related services from this market. It is the No.1 centre in Asia for aerospace maintenance, repair and overhaul (MRO). And, it is home to highly rated Changi International Airport, which handles some 80 airlines and has won over 250 awards.

 

 

The inaugural Singapore Airshow in February 2008 also sealed Singapore’s position as host to one of the world’s top three international airshows, with over USD 13 billion in sales of aircraft and equipment announced during show days.

Backed by a large pool of over 100 aerospace companies, Singapore has garnered a quarter of the Asian MRO market. Leading players such as ST Aerospace and Goodrich carry out comprehensive nose-to-tail MRO services from airframe maintenance to engine overhaul to aircraft modifications and conversion. Aside from MRO, Singapore is also seeing a growing number of aerospace design and manufacturing operations.

Engine gears, valves, and galley equipment are some of the products manufactured in Singapore. And on the R&D front, Boeing, EADS, Pratt and Whitney and Rolls-Royce have made commitments to partner Singapore’s A*STAR and its research institutes to jointly carry out aerospace-related research.

The aerospace industry has stringent safety and quality standards. A pool of skilled, well-trained and experienced personnel is therefore a critical part of the value chain. Aerospace specialist talent graduating from Singapore’s tertiary institutes in 2009 will be double the number trained in 2006.

Singapore enjoys excellent connectivity and an efficient supply chain. It is further strengthening its infrastructure to ride future growth trends. The Seletar Aerospace Park is a centerpiece of this effort. Spanning 300ha, the dedicated  aerospace park allows companies to reap the benefits of a world-class business infrastructure, complete with runway access, and the synergies from cluster integration.