29 May 2012, 4.24PM
Under the new $5 million Aviation Promotion Programme (APP), local aviation companies can now expand their global market access through funding support for participation at international trade shows and business campaigns.
The APP is part of the Aviation Development Fund, which was set up by the Civil Aviation Authority of Singapore to strengthen Singapore’s position as an aviation hub. The fund supports industry initiatives such as training, the introduction of new technology and measures to boost productivity.
At the Aviation Community Reception yesterday, Minister for Transport Mr Lui Tuck Yew described aviation as a “strategic pillar” of Singapore’s economic success, but it is facing “intensifying competition from countries with keen ambitions to be aviation powerhouses”. As such, close collaboration between aviation firms and the Government is important as Singapore competes on the international stage.
For Singapore, a key focus in going forward is to “build capacity for the future”, said Mr Lui. The Changi 2036 Steering Committee chaired by Minister of State Josephine Teo will develop a concept plan within the coming year, in order to provide a strategic direction for the future capacity development of Changi Airport. In particular, the Committee will address the timeline and implementation plans for enhancing Changi’s airfield and terminal capacity.
A project is also under way to demolish the Budget Terminal and build a new, bigger Terminal 4 on its site.
Find out the details by reading Mr Lui’s speech
at the Ministry of Transport.
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