Aerospace opportunities

An Expert's View about Civil Aircraft in Singapore

Last updated: 19 Jul 2011

Singapore is looking to increase its industry and will offer opportunities in MRO,training and manufacturing. Certainly theeconomic downturn may have slowed thegrowth of the global aerospace industry but ithas not diminished it.

Sector briefing Aerospace opportunities in Singapore Why Singapore? Singapore is an aviation hub for the region with a sizeable maintenance, repair and overhaul (MRO) industry offering UK companies good opportunities. It is looking to increase its industry and will offer opportunities in MRO, training and manufacturing. Certainly the economic downturn may have slowed the growth of the global aerospace industry but it has not diminished it. SIA Group recorded a net profit of round £540 million for the financial year 2010-2011. Group revenue for FY 2011-11 grew 14.3% year on year. Prospects remain positive as Asia?s aircraft ?Singapore is looking to fleet size has been projected to increase to increase its industry and will 25,000 by 2030 from 16,500 today. Hence, continue to offer maintenance, repair and overhaul (MRO) revenues from the region is expected to triple opportunities in MRO, training its current US$22 billion (£15 billion) figure by and manufacturing? 2030. Find general information on the Singapore market conditions on UKTI?s website. The Doing Business Guide for Singapore gives an overview of Singapore?s economy, business culture, potential opportunities and an introduction to other relevant issues. UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore will take into account Seletar's rich aviation Opportunities heritage and character (Seletar Airport served as a British military base until 1968 and it is a Singapore is well known today as an air hub by secondary airport used largely by flying schools achieving more than 250 awards for Changi and private chartered companies and is International Airport and is recognised as one currently home to about 30 aerospace of the world?s best airports. Since 1990, the companies such as ST Aerospace, Hawker Singapore?s aerospace industry has grown at Pacific Asia and Execujet). an average rate of 13.3 per cent to become the most comprehensive MRO Hub in Asia. The aerospace park will consists of: The aerospace industry has continued to ? Maintenance, Repair & Overhaul (MRO) expand significantly in the past few years, ? Design and manufacture of aircraft fuelled by the expansion in the aviation sector systems, components and potentially in the Asia Pacific region and also due to the light aircraft fact that the Singapore government is seeking ? Business and general aviation activities to increase the size and develop the ? Regional aerospace campus, which will manufacturing industry in the aviation sector. house educational and training institutes and research facilities Most major airlines fly into Singapore with Low cost airlines such as Tiger Airways, Jetstar, Companies that locate themselves at the Silkair and Air Asia all very popular. Within the Seletar Aerospace Park stand to benefit from year, it is expected that SIA will establish a the economies of scale as they will have close new no-frills airline to target medium and long- proximity of suppliers, customers and partners haul routes. within the aerospace community. Singapore, MRO Hub for the Region Rolls-Royce Singapore is definitely well-equipped to meet Rolls-Royce, will be establishing a wide chord the demand as an aviation service hub for this fan blade (WCFB) factory in Singapore. The market in this region. The Singapore Economic facility will be located in Rolls-Royce?s Seletar Development Board (EDB) has mentioned that campus alongside their ?Facility of the Future?. ?Singapore is the No. 1 centre in Asia for aerospace maintenance, repair and overhaul This venture of a new factory for Rolls-Royce is (MRO).? their first outside UK to manufacture hollow titanium WCFBs where it is their speciality that There are also more than 100 international involves a sophisticated process. companies carrying out MRO in Singapore. These companies will have to adhere to these Singapore Airshow commitments of maintaining quality and The biennial Singapore show, started from safety, it made Singapore a recognised one- 2008, is run by Singapore Airshow & Events, stop solution provider for airline?s MRO needs. the joint venture between the Civil Aviation ? Singapore Aero Engines Services Pte Ltd Authority of Singapore and the country?s (SAESL), continued to expand in Defence Science & Technology Agency. Singapore with a 12,000sqm extension on the new facility to take on MRO of The 2010 Singapore Airshow, Asia?s largest and additional Rolls-Royce Trent engine perhaps one of the top three aerospace and types such as Trent XWB. defence exhibition saw an increase of 25 per cent in the total country/group pavilions ? Singapore Engineering Company Pte Ltd compared against the 2008 Airshow. Country (SIAEC) has added a latest addition of pavilions increased to 22 from 18 and included Hanger 6 which is the world?s first to first time attendees such as New Zealand, accommodate the new generation for Russia, Switzerland and Romania. Airbus A380 aircraft and has started their operation in Feb 2010. UK visitors to the Airshow included the Parliamentary Under Secretary of State for Seletar Aerospace Park Transport, DfT, Chief of Air Staff, RAF, a UKTI The Old Seletar airport will now be transformed Business Ambassador, an A|D|S managed UK into the latest Seletar Aerospace Park. Its aim Pavilion with 28 companies, some with UKTI is to be a word-class aerospace park. The park UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore TAP support and 5 other trade bodies/organisations. In addition, there will be other UK companies who have separate stands at the show or who are part of their parent company stands. These companies include Rolls-Royce, Spirit Aerosystems, EADS and Finmeccanica. Statistics from the 2010 Singapore Airshow are as follows, these are expected to increase for 2012: - ? 897 exhibiting companies from 36 countries were represented ? 62 of the 100 top aerospace companies were represented ? 43,459 trade attendees from 133 countries attended the event ? 73,512 guests attended the two public days ? 846 accredited media personnel representing 269 media outlets ? The show a comprehensive mix of exhibitors from defence (55%) and civil aviation (45%) companies If you have any questions about the opportunities listed above, contact the UKTI Renewable Energy contacts named in this report. Business opportunities aimed specifically at UK companies are added daily to UKTI?s website. These leads are sourced by our staff overseas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. You can be alerted to business opportunities on a regular basis by registering on the UKTI website. Find out more on UKTI?s business opportunities service on the UKTI website. UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore Major events and activities UKTI contacts Singapore Airshow Neil Walker Website: http://www.singaporeairshow.com Senior Trade & Investment Officer Contact: Neil Walker British High Commission Email: neil.walker@fco.gov.uk Tel: (65) 6424 4310 Date: 14 ? 19 February 2012 Email: neil.walker@fco.gov.uk www.ukinsingapore.fco.gov.uk Find full details of all events in this www.ukti.gov.uk country and sector on the UKTI website. New export events are added daily to the site Janagi Somu and you can register to be alerted to them on a Trade & Investment Officer daily, weekly or monthly basis Tel: (65) 6424 4306 Email: Janagi.somu@fco.gov.uk UKTI?s Tradeshow Access Programme (TAP) www.ukti.gov.uk provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend Sarah Croft trade shows overseas. Find out more about Director, Trade UKTI support for attendance at overseas UK Trade & Investment events British High Commission Singapore Tel: (65) 6424 4302 Email: sarah.croft@fco.gov.uk www.ukti.gov.uk UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore Next steps - ? Arranging appointments How UKTI can help ? Organise seminars or other events for you to meet contacts and promote your British companies wishing to develop their company in the Singaporean market business in the Singaporean market are advised to undertake as much market research This work is available via our Overseas Market and planning as possible in the UK. UKTI?s Introduction Service (OMIS) a chargeable team in Singapore, with its wide local service which assists British-based companies knowledge and experience, can provide a wishing to enter or expand their business in range of services to British-based companies overseas markets. wishing to grow their business in global markets. To find out more about commissioning this work, or accessing other UKTI services and This can include: specialist advice, please visit the UKTI website ? Provision of market information to find contact details for your local UKTI ? Validated lists of agents/distributors office. ? Key market players or potential customers in the Singaporean market ? Establishment of interest of such contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © You may reuse this information (not including logos, images and case studies) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit www.nationalarchives.gov.uk/doc/open-government-licence/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gsi.gov.uk This publication is also available from our website at www.ukti.gov.uk or for more information please telephone +44 (0)20 7215 8000. UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore
Posted: 19 July 2011, last updated 19 July 2011

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