SINGAPORE: Singapore pumps money into aviation sector

The Civil Aviation Authority of Singapore (CAAS) has announced a new $100 million, five-year Aviation Development Fund (ADF) in a bid to drive the development and growth of the aviation industry in Singapore. Two ADF programmes, of S$25 million each for the next five years, will be launched in April 2010. The first is the […]


The Civil Aviation Authority of Singapore (CAAS) has announced a new $100 million, five-year Aviation Development Fund (ADF) in a bid to drive the development and growth of the aviation industry in Singapore.

Two ADF programmes, of S$25 million each for the next five years, will be launched in April 2010. The first is the Aviation Partnership Programme in which the CAAS will partner the industry to drive the adoption of new industrywide standards or processes to enhance its overall productivity, effectiveness and competitiveness. The second is the Aviation Innovation Programme aimed at providing assistance to companies to develop new capabilities, encourage innovation and build aviation knowledge in Singapore.

The CAAS also signed three Memorandums of Understanding (MOU) with key industry Association of Aerospace Industries (Singapore), or AAIS and the Singapore Institute of Aerospace Engineers (SIAE). The MOUs are aimed at creating a framework for greater collaboration in developing the aviation industry, including manpower and training issues.

The third MOU is between the CAAS, the Infocomm Development Authority of Singapore (IDA), the International Air Transport Association (IATA), the Singapore Aircargo Agents Association (SAAA), the Singapore National Shippers’ Council (SNSC) and the Singapore Logistics Association (SLA), to jointly collaborate on the [email protected] project.