Aerospace Opportunities In Singapore

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Aerospace sector opportunities in Singapore

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Aerospace Opportunities In Singapore

  1. 1. Sector briefingAerospace opportunitiesin SingaporeWhy Singapore?Singapore is an aviation hub for the region witha sizeable maintenance, repair and overhaul(MRO) industry offering UK companies goodopportunities. It is looking to increase itsindustry 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.SIA Group recorded a net profit of round £540million 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 tofleet size has been projected to increase to25,000 by 2030 from 16,500 today. Hence, increase its industry and willmaintenance, repair and overhaul (MRO) continue to offerrevenues from the region is expected to triple opportunities in MRO, trainingits current US$22 billion (£15 billion) figure by2030. and manufacturing”Find general information on the Singaporemarket conditions on UKTI’s website. TheDoing Business Guide for Singaporegives an overview of Singapore’s economy,business culture, potential opportunities and anintroduction to other relevant issues.UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore
  2. 2. Opportunities will take into account Seletars rich aviation heritage and character (Seletar Airport servedSingapore is well known today as an air hub by as a British military base until 1968 and it is aachieving more than 250 awards for Changi secondary airport used largely by flying schoolsInternational Airport and is recognised as one and private chartered companies and isof the world’s best airports. Since 1990, the currently home to about 30 aerospaceSingapore’s aerospace industry has grown at companies such as ST Aerospace, Hawkeran average rate of 13.3 per cent to become the Pacific Asia and Execujet).most comprehensive MRO Hub in Asia. The aerospace park will consists of:The aerospace industry has continued toexpand significantly in the past few years, • Maintenance, Repair & Overhaul (MRO)fuelled by the expansion in the aviation sector • Design and manufacture of aircraftin the Asia Pacific region and also due to the systems, components and potentiallyfact that the Singapore government is seeking light aircraftto increase the size and develop the • Business and general aviation activities • Regional aerospace campus, which willmanufacturing industry in the aviation sector. house educational and training institutes and research facilitiesMost major airlines fly into Singapore with Lowcost airlines such as Tiger Airways, Jetstar, Companies that locate themselves at theSilkair and Air Asia all very popular. Within the Seletar Aerospace Park stand to benefit fromyear, it is expected that SIA will establish a the economies of scale as they will have closenew no-frills airline to target medium and long- proximity of suppliers, customers and partnershaul routes. within the aerospace community.Singapore, MRO Hub for the Region Rolls-RoyceSingapore is definitely well-equipped to meet Rolls-Royce, will be establishing a wide chordthe demand as an aviation service hub for this fan blade (WCFB) factory in Singapore. Themarket in this region. The Singapore Economic facility will be located in Rolls-Royce’s SeletarDevelopment Board (EDB) has mentioned that campus alongside their “Facility of the Future”.“Singapore is the No. 1 centre in Asia foraerospace 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 thatThere 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 Airshowcommitments of maintaining quality and The biennial Singapore show, started fromsafety, 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 additional Rolls-Royce Trent engine The 2010 Singapore Airshow, Asia’s largest and types such as Trent XWB. perhaps one of the top three aerospace and defence exhibition saw an increase of 25 per • Singapore Engineering Company Pte Ltd cent in the total country/group pavilions (SIAEC) has added a latest addition of compared against the 2008 Airshow. Country Hanger 6 which is the world’s first to pavilions increased to 22 from 18 and included accommodate the new generation for first time attendees such as New Zealand, Airbus A380 aircraft and has started Russia, Switzerland and Romania. their operation in Feb 2010. UK visitors to the Airshow included theSeletar Aerospace Park Parliamentary Under Secretary of State forThe Old Seletar airport will now be transformed Transport, DfT, Chief of Air Staff, RAF, a UKTIinto the latest Seletar Aerospace Park. Its aim Business Ambassador, an A|D|S managed UKis to be a word-class aerospace park. The park Pavilion with 28 companies, some with UKTIUK Trade & Investment Sector briefing: Aerospace opportunities in Singapore
  3. 3. TAP support and 5 other tradebodies/organisations.In addition, there will be other UK companieswho have separate stands at the show or whoare part of their parent company stands. Thesecompanies include Rolls-Royce, SpiritAerosystems, EADS and Finmeccanica.Statistics from the 2010 Singapore Airshow areas follows, these are expected to increase for2012: -• 897 exhibiting companies from 36 countrieswere represented• 62 of the 100 top aerospace companies wererepresented• 43,459 trade attendees from 133 countriesattended the event• 73,512 guests attended the two public days• 846 accredited media personnel representing269 media outlets• The show a comprehensive mix of exhibitorsfrom defence (55%) and civil aviation (45%)companiesIf you have any questions about theopportunities listed above, contact the UKTIRenewable Energy contacts named in thisreport. Business opportunities aimedspecifically at UK companies are added daily toUKTI’s website. These leads are sourced by ourstaff overseas in British Embassies, HighCommissions and Consulates, across all sectorsand in over 100 markets.You can be alerted to business opportunities ona regular basis by registering on the UKTIwebsite. Find out more on UKTI’s businessopportunities service on the UKTI website.UK Trade & Investment Sector briefing: Aerospace opportunities in Singapore
  4. 4. Major events and activities UKTI contactsSingapore Airshow Neil WalkerWebsite: http://www.singaporeairshow.com Senior Trade & Investment OfficerContact: Neil Walker British High CommissionEmail: neil.walker@fco.gov.uk Tel: (65) 6424 4310Date: 14 – 19 February 2012 Email: neil.walker@fco.gov.uk www.ukinsingapore.fco.gov.ukFind full details of all events in this www.ukti.gov.ukcountry and sector on the UKTI website.New export events are added daily to the site Janagi Somuand you can register to be alerted to them on a Trade & Investment Officerdaily, weekly or monthly basis Tel: (65) 6424 4306 Email: Janagi.somu@fco.gov.ukUKTI’s Tradeshow Access Programme (TAP) www.ukti.gov.ukprovides grant support for eligible Small &Medium Sized Enterprises (SMEs) to attend Sarah Crofttrade shows overseas. Find out more about Director, TradeUKTI support for attendance at overseas UK Trade & Investmentevents British High Commission Singapore Tel: (65) 6424 4302 Email: sarah.croft@fco.gov.uk www.ukti.gov.ukUK Trade & Investment Sector briefing: Aerospace opportunities in Singapore
  5. 5. Next steps - • Arranging appointmentsHow UKTI can help • Organise seminars or other events for you to meet contacts and promote yourBritish companies wishing to develop their company in the Singaporean marketbusiness in the Singaporean market areadvised to undertake as much market research This work is available via our Overseas Marketand planning as possible in the UK. UKTI’s Introduction Service (OMIS) a chargeableteam in Singapore, with its wide local service which assists British-based companiesknowledge and experience, can provide a wishing to enter or expand their business inrange of services to British-based companies overseas markets.wishing to grow their business in globalmarkets. To find out more about commissioning this work, or accessing other UKTI services andThis 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 youWhereas 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 & CommonwealthOffice), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility acceptedas 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 theOpen Government Licence. To view this licence, visit www.nationalarchives.gov.uk/doc/open-government-licence/ or write to the InformationPolicy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gsi.gov.ukThis 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

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