Overview
Singapore aviation industry remains a key contributor to the economy
The aviation industry remains a cornerstone of the Singaporean economy, with Singapore Changi Airport being ranked the ninth busiest airport and the eighth busiest air cargo hub in Asia in 2019. Further, The local aviation industry is Asia’s leading solutions provider for aircraft maintenance, repair and overhaul (MRO) needs, contributing 10.0% to global MRO requirements.
Singapore’s aviation industry is a major contributor to the country’s economy. In 2020, it contributed USD 29.9 billion (8.8% of GDP) in direct and in-direct value-add to the country's GDP. This included USD 16.3 billion (4.8% of GDP) directly from the industry, while USD 13.6 billion (4.0% of GDP) was through indirect contributions from the industry's supply chain.
Further, the aviation industry assisted in contributing USD 6.8 billion (2.0% of GDP) from aviation-induced activities and USD 21.8 billion (6.4% of GDP) from tourism catalytic activities to Singapore’s GDP in 2020. The aviation industry provides 612,000 employment opportunities, including 131,000 and 136,000 jobs available in direct and indirect aviation sectors, respectively.
The International Air Transportation Association (IATA) reported that in pre-COVID times, air transport connected Singapore to approximately 159 international destinations, as some 73 airlines operated out of Singapore. This was facilitated by the majority of airlines belonging to major airline alliances such as oneworld, Star Alliance and SkyTeam.
Strong execution of Air Transport Industry Transformation Map by key stakeholders to continue
In 2017, the Singaporean government unveiled the Air Transport Industry Transformation Map (ITM): a road map for the future of Singapore aviation, to support sector growth and competitiveness over the coming years, as well as to create better jobs and career opportunities for employees. The road map mainly focuses on four key avenues:
- Innovation, which covers pioneering novel solutions, partnering with research institutions and strengthening core capabilities.
- Productivity, which focuses on accelerating the use of technology, redesigning work processes and encouraging new ways of conducting business operations.
- Jobs and Skills, which aims to promote ease of entry to aviation services, expand education options for students, support professional growth and share productivity gains.
- Enterprise, which plans to develop new businesses together with other key stakeholders.
The Air Transport ITM aims to achieve real value-added growth of 16.0% from 2015 to 2020, while boosting productivity by 3.0%-4.0% per annum and creating more than 8,000 new employment opportunities in the sector by 2025. It was developed by the Air Transport Industry Tripartite Committee, comprising 16 key representatives from industry, unions and the Singapore government.
Key Trends
Robust COVID-19 action plan by Government to support the aviation sector
Due to the significant contribution to the economy and its affiliations to other key sectors in the Singaporean economy, the government proposed several facilities to shield and develop the aviation industry during the COVID-19 pandemic in the 2020 - 2022 period.
The main relief packages included the following:
- The Enhanced Training Support Package introduced in March 2020 aims to upskill employees of the air transport industry during the period of the downturn.
- The Enhanced Aviation Support Package in August 2020 provided SGD 187 million in continued cost relief through landing and parking rebates, and rent relief for airlines, ground handlers, cargo agents and airport partners.
- Additional support of SGD 84 million in December 2020, for aviation companies to manage their increased operating costs, employee retention and training, and investing in productivity to prepare for the recovery of air travel.
- The OneAviation Support Package of SGD 870 million in February 2021 enabled aviation companies to preserve core capabilities and withstand the crisis, and maintain Singapore’s position as an aviation hub post-COVID.
- In March 2022, the government introduced the OneAviation Resilience Package of SGD 500 million for the financial year 2022/2023 to expedite the recovery of the aviation industry as air travel picks up, support the key areas of employment, provide cost relief for health safeguard implementation and assist in workforce transformation.
Further, government-owned investment company Temasek (which is the largest shareholder of Singapore Airlines) participated in a SGD 8.2 billion share issue on a pro-rata basis, maintaining its percentage ownership. Convertible bonds were also issued during the period where Temasek invested in unsubscribed bonds in addition to its pro-rata allocation. Overall, its total investment in Singapore Airlines amounted to SGD 3.4 billion.
Post-COVID recovery to be slow, but investment in technology to continue
According to the Economic Survey of Singapore for 2021, conducted by the Ministry of Trade and Industry, growth in Singapore’s aviation- and tourism-related sectors including air transport and accommodation is expected to be slow, and remain below pre-COVID levels by the end of 2022. This is mainly due to the recurring COVID-19 outbreaks and potential virus mutations that are likely to delay the lifting of global travel restrictions, while travel demand is likely to take time to recover.
Prior to the pandemic, the Civil Aviation Authority of Singapore (CAAS) had announced plans to commence the construction of Terminal 5, to cater to the long-term growth of air travel, which has now been postponed by at least two years, in order to conduct a review on the impact of COVID-19 on air travel. The results are expected to provide detailed guidance on the capacity, design and timeline of the proposed terminal.
However, the Singapore aviation industry continues to invest in increasing its capacity and future-proofing its operations to be competitive and comply with its environmentally conscious mandate. In December 2020, Changi Airport collaborated with its stakeholders to certify and operationalise Runway 3, which will now be operational for civil aviation flights.
Further, the Civil Aviation Authority is actively investing in digitalisation and automation, to improve productivity in the air traffic management (ATM) of Singapore. These advanced ATM capabilities will ensure air navigation services in the Singapore flight information region at the highest levels of safety and efficiency.
Key Statistics
- As of the financial year ended March 2021, total passenger movement at Changi Airport plummeted by 82.7% YoY to 11.8 million, while commercial aircraft movements declined by 67.2% YoY to 125,000.
- However, the decrease in total air freight movement during the year ended March 2021 was 23.3% YoY at 1.54 million, which was lower than the declines in passenger and aircraft movement during the same period, likely due to substitution effects driven by the pandemic-induced logistical bottlenecks.
- Singapore’s main carrier Singapore Airlines’ revenue for the year ended 31 March 2021 decreased by a significant 76.1% YoY to SGD 3.8 billion, mainly due to the adverse effects of the COVID-19 pandemic.
- In terms of profitability, Singapore Airlines recorded a Group net loss of SGD 4.3 billion for the period (compared to a net loss of SGD 212 million during the 2019/2020 period).
Top Singapore MNCs in Aviation Sector
GE AVIATION, ENGINE SERVICES - SINGAPORE PTE. LTD.
GE Aviation, Engine Services Singapore was established in Jurong in 1969. It is a branch of the American global company that transforms industry with connected, responsive and predictive, software-defined machines and solutions. GE Aviation, Engine Services Singapore provides these services through its focus on the aviation sector to provide aircraft engine component manufacturing and repair services. It also has a focus on the power sector through end-to-end lifecycle management services by being a source for Singapore’s power and cogen installed capacity and the renewable energy sector. Through a joint-venture with Alstom, it equips 90% of power utilities globally to bring power from the point of generation to end consumers. Its customers include ExxonMobil Asia, Pacific Starhub, Energy Market Authority, Singapore Power, and Keppel and its customers for its power services include Sembcorp, Exxon Mobil, Keppel Infrastructure, Shell, Senoko, SRC and Tuas Power.
JET AVIATION (ASIA PACIFIC) PTE. LTD.
Jet Aviation is a General Dynamics company established in Switzerland, and it specializes in maintenance, management, and chartering services, in order to create the perfect flight experience. Jet Aviation (Asia-Pacific) was established in Singapore in 1995, and it is the company’s regional hub in Asia. With a fleet of over 100 aircraft, Singapore’s Jet Aviation’s multilingual staff ensure a passenger’s journey is smooth and efficient, be it flying directly to Seletar Airport, or to Changi Airport. Jet Aviation is responsible for aircraft management services including technical skills, regulatory knowledge, maintenance, planning, and crewing, and it also provides inflight support solutions. Jet Aviation’s FBO is a member of the Air Elite Network and is IS-BAH Stage 2 registered. Its maintenance technicians in Singapore are experts in fixed wing maintenance and mechanics. Through the company’s recent collaboration with Shell Aviation, it offers sustainable aviation fuel at Singapore’s Seletar Airport.
AIRBUS HELICOPTERS SOUTHEAST ASIA PRIVATE LIMITED.
In Singapore, Airbus Helicopters South-East Asia - of Airbus, a European designer, manufacturer and provider of aerospace products, services and solutions - commenced its operations in 1969. It established the Airbus Singapore Campus, the regional hub for commercial aircraft, helicopters, defence and space divisions at Seletar Aerospace Park, as well as Airbus’ Asia Training Centre and Asia-Pacific’s spare parts distribution facility. The company is responsible for sales, marketing, training, materials support and logistics, technical support, design engineering and technology development. It is also the supplier of Singtel’s first telecommunications satellite, and supports local corporations engaged in regional customer support, maintenance and training operations. Airbus Helicopters South-East Asia serves airlines and leasing companies including Singapore Airlines, Scoot, Silkair and BOC Aviation. It has a global partnership with ST Engineering Aerospace for the passenger-to-freighter conversion of Airbus A330 and A320 aircraft.
ROLLS-ROYCE SINGAPORE PTE. LTD.
Rolls-Royce Singapore is one of the regional hubs of the world-renowned company, Rolls-Royce based in London, and has been in operation since the 1950s. It is the regional hub which specialises in civil aerospace, defence and power systems, as well as research and technology activities and many corporate functions through its different facilities. The company works closely with top government agencies and universities in Singapore, including the National University of Singapore, the Agency for Science, Technology and Research (A*STAR), and Nanyang Technological University (NTU). It has become a pioneer of aerospace high-value manufacturing and in 2006, Rolls-Royce Singapore was conferred Singapore’s highest corporate honor: the Distinguished Partner in Progress Award.
SAFRAN ELECTRONICS & DEFENSE SERVICES ASIA PTE. LTD.
In Singapore, Safran Electronics & Defense Services Asia commenced its operations in 1989. The company was formed following the merger between Safran Electronics Asia with SIA Engineering Company (SIAEC), which held a repair facility for spare parts, and the equipment and logistics for maintaining aircraft equipment. Safran Electronics is recognised across Asia for its excellent customer service, and its facilities specialise in serving the aeronautics and defense markets. The company carries out the maintenance and repair operations for avionic equipment and components in Singapore, the Asia-Pacific region, Europe, the Middle East and Africa. It has also expanded its expertise in repairs for A350 avionic equipment and rotating pressure sensor assembly components for the Asia-Pacific region, and has inked an agreement with the Singapore Navy for defense equipment. In 2010, Safran Electronics & Defense Services Asia became a member of the Agency for Science, Technology and Research (A*STAR).
PRATT & WHITNEY CANADA (SEA) PTE. LTD.
Pratt & Whitney Canada (SEA) was incorporated in Singapore in 1983, and it is the Asia Hub of Pratt & Whitney Canada (P&WC) in Longueuil, Quebec. Serving Asia-Pacific’s regional, general and business aviation, and helicopter segments, the company’s Singapore Customer First centre is operated by a support team of technical, commercial and logistics, and aircraft-on-ground (AOG) specialists who enable P&WC service centres to rapidly respond to customers. Following the growth of Asia-Pacific’s operator base in holding more than 7,000 P&WC engines in service, the company’s staff in Singapore has been doubled. P&WC’s Singapore office delivers end-to-end services and support to customers, and is vital to P&WC's future development. P&WC also provides maintenance, repair and overhaul (MRO) services. Pratt & Whitney Canada has appointed Jet Aviation Singapore as a maintenance facility to provide line maintenance and mobile repair services across Singapore.
DNATA SINGAPORE PTE. LTD.
dnata Singapore is a branch of one of the largest global air service providers based in Dubai, UAE. It commenced operations over four decades ago, specialising in three services: ground handling services which include private aviation services; ground services equipment, security, and technical ramp services; and cargo and logistics services for any type of goods, from perishable to priceless products. dnata Singapore also offers inflight catering services to over 30 airlines at Changi Airport. The company takes an environmentally friendly approach in all its operations, with fast track digitalisation, electrification of its GSE fleet, and solar panels. In 2021, dnata Singapore was named Cold Chain Service Provider of the Year at the 8th Payload Asia Awards and was accredited as a Certified On-The-Job Training Centre (COJTC) by the Institute of Technical Education (ITE). It was also awarded IATA’s Centre of Excellence for Perishable Logistics (‘CEIV Fresh’) certification for achieving the highest quality and standards in the temperature-controlled handling of perishable products.
GOODRICH AEROSPACE PTE. LTD.
Collins Goodrich Aerospace of Collins Aerospace USA, was incorporated in 1993 in Singapore, and it is the regional headquarters for Asia. With over 2,000 employees, it specializes in engine control and electric systems, actuation systems, aircraft interiors, sensors and integrated systems, and air management systems. It also provides manufacturing, sales and marketing services to five branch offices across Singapore. The company has capabilities and processes in cargo systems, lighting systems, primary and secondary flight controls, back-up generators, cabin air compressors and motor-driven compressors, among others. Goodrich Aerospace is certified by the Civil Aviation Authority of Singapore (CAAS).
BOC AVIATION LIMITED
BOC Aviation, formerly known as Singapore Aircraft Leasing Enterprise, was founded in Singapore in 1993 by Singapore Airlines and Boullioun Aviation Services, an aircraft operating leasing company in the US. It was relaunched as a public company and as BOC Aviation in 2016. It is a global aircraft operating leasing company which has established connections with reputed airline customers, aircraft manufacturers and other key aviation industry participants. BOC Aviation is engaged in purchasing new, fuel-efficient, in-demand aircraft directly from aircraft manufacturers. It delivers a wide range of services including direct operating leases, sale and leaseback facilities, and third party asset management to airlines and aircraft owners. BOC Aviation has entered into many aircraft leasing agreements with reputed airlines in Asia, Europe, the Middle-East, North America and Latin America.
WINDSOR AIRMOTIVE ASIA PTE. LTD.
Windsor Airmotive Asia is the Maintenance, Repair and Overhaul (MRO) division of Barnes Aerospace in Windsor, Connecticut, which was incorporated in Singapore in 1990 to serve customers across the Asia Pacific and European markets. Windsor Airmotive Asia maintains critical industry requirements for aftermarket repairs and delivers high quality and efficient solutions. It is an integrated outsourcing partner with primary in-house capabilities which include electron beam welding (EBW) and automatic TIG welding; CNC milling, turning and grinding; high pressure water jet stripping; vacuum brazing; heat treat and thermal processing; corrosion-resistant painting; X-ray and non-destructive testing; and plasma and wire arc coating. Windsor Airmotive Asia’s certifications include: FAA Certified Repair Station #ZWDY470L, EASA Certified Repair Station #145.0040, and CAAC Approved #F00100456.
Top Singapore Large Local Enterprises in Aviation Sector
ST ENGINEERING AEROSPACE LTD.
ST Engineering Aerospace was established in 1975. In 1997, it merged with ST Electronics, ST Automotive and ST Marine, forming ST Engineering - a technology, defence and engineering group. Today, as the Aerospace branch of the company, it provides services for the Republic of Singapore Armed Forces, which were previously carried out by the Lockheed Aircraft Services Company. As the world’s largest third-party MRO service provider, ST Engineering Aerospace has the capability of working on up to 45 widebody, 26 narrowbody and 24 general aviation aircraft, at any given time. In 2018, ST Engineering Aerospace was selected as Overall MRO of the Year at the Aviation 100 MRO Global Awards.
SATS LTD.
SATS, which is a subsidiary of Singapore Airlines, is a partner of choice for airlines, airports, and food service chains. It was launched in Singapore in 1947, with an inaugural flight from Singapore Kallang Airport. Having built a reputation for itself over the decades, it relocated its business to Changi Airport in 1981. SATS provides an array of services for airlines and airports, such asbaggage services, aircraft interior cleaning, ramp services, flight operations and maintenance, passenger services, security services, air cargo, low-cost carrier handling, aviation catering, private jet services, linen and laundry services, and travel retail services. In the year 2000, SATS was listed on the Singapore Exchange, and in 2010, it was awarded the Tech Ramp License at Changi Airport. It became the first ground handling company in the world to serve the Airbus A380 superjumbo, on its inaugural flight from Singapore to Sydney in 2007.
SIA ENGINEERING COMPANY LIMITED
SIA Engineering Company (SIAEC) was established in Singapore in 1992. It is a subsidiary of Singapore Airlines (SIA), and a Maintenance, Repair and Overhaul (MRO) provider in Asia. SIAEC was originally SIA’s Engineering Division, solely engaged in building capabilities, facilities and equipment for SIA’s modern aircraft, which gradually propelled SIAEC to become an MRO provider. It offers comprehensive MRO services on current new-generation widebody and narrowbody aircraft, and its maintenance facilities deliver services including line, cabin, airframe, fleet management, components and engines, serving more than 60 airlines at Changi Airport. It has notable partnerships with a network of MRO clients including Singapore Aero Support Services, Boeing Asia Pacific Aviation Services, SIA Engineering (Japan, USA and Philippines), Safran Landing Systems Services Singapore, Safran Electronics & Defense Services Asia, Pan Asia Pacific Aviation Services, and JAS Aero-Engineering
Services.
SINGAPORE AIRLINES LIMITED
Repeated company as per client
SCOOT TIGERAIR PTE. LTD.
Repeated company as per client
CHANGI AIRPORT GROUP (SINGAPORE) PTE. LTD.
Changi Airport Group (Singapore) is the team behind the world’s most awarded airport, whose operations began in 1981 with its inaugural flight SQ192 arriving from Kuala Lumpur. Changi Airports International (CAI) is the consultant, manager and investor of Changi Airport in the global aviation market. Changi Airport’s Aviation Hub operations are run by Changi East, serving more than 100 airlines, and maintaining alliances with oneworld, SkyTeam and Star Alliance. Changi Airport’s cargo hub offers efficient cargo facilities and infrastructure, and the airport is responsible for airport operations of 24-hour services, and airside management, engineering and development including airfield lighting, FOD (foreign object detection), sky trains and baggage handling. Changi Airport delivers revolutionary retail experiences and maintains high safety and security standards. It was honoured with the DestinAsian Readers' Choice Awards: Best Airport title 16 times, and it was conferred Skytrax’s World’s Best Airport Award, 11 times.
WORLDWIDE GSA PTE. LTD.
Worldwide GSA is a subsidiary of World Freight Company (France) and founded in Singapore in 1995. It is a leading air cargo management service provider, and General Sales and Service Agency (GSSA) to airlines in the Asia-Pacific region. It provides a broad spectrum of services to airlines, from activities related to General Sales and Service Agents (GSA/GSSA), to cargo consultation and management services, cargo supervision and handling, reservations and customer services, flight chartering, trucking and customs clearance, training and education, and finance and administration. Worldwide GSA operates in 10 countries with 15 offices across the globe, and maintains airline partnerships with reputable companies including ANA Cargo, China Airlines, Gulf Air, Air France KLM, MartinAir Cargo, China Cargo Airlines, and Air Canada.
ST-AIRPORT SERVICES PTE. LTD.
ST-Airport Services (STARS) is an aviation fuel services company, which was incorporated in Singapore in 1996. It provides management and maintenance of fuel systems and into-plane refuelling. It also offers consultancy services in related areas which include auditing, training and engineering. STARS serves commercial and military customers in airports across Singapore, India and Timor Leste.
SINGAPORE AERO SUPPORT SERVICES PTE. LTD.
Singapore Aero Support Services is a subsidiary of SIA Engineering Company, which was launched in 2019. It is known for its commitment to the aviation industry’s growing needs, specifically in cabin maintenance, apron support, and logistics. Singapore Aero Support Services (formerly known as Singapore Jamco) commenced as a partnership between Singapore Airlines (later transferred to SIA Engineering Company), Jamco Corporation and Itochu Corporation. Its workshop offers carpet storage, cutting and hemming, seating and upholstery refurbishment, and galley and lavatory repairs. Its Airport Operations Control Centre at Changi Airport’s Terminal 1 airside, is responsible for overseeing the company’s line and cabin maintenance, and ground support services within Changi Airport. Singapore Aero Support Services is AS9100D and ISO 9001:2005 certified.
AVITRON PRIVATE LIMITED
Avitron, which was incorporated in Singapore in 2011, is a subsidiary of SAM Engineering & Equipment of Accuron Technologies. Avitron specialises in manufacturing complex engine cases from stainless steel, titanium and nickel-based alloys for aircraft and marine applications. Avitron serves many aircraft companies, including industry giants such as Airbus and Boeing. Its first class machining centres comprise 5-axis milling and turning machines that provide exact precision services. Avitron also offers thermal spray coating; TIG and plasma welding; radiographic inspection; fluorescent, ultrasonic and magnetic particle inspection; vacuum heat treatment; and laboratory testing. Avitron is AS9100 and Nadcap certified for many special and NDT processes, which are essential for engine case manufacturing. It was conferred the Plaque of Commendation by the National Trade Union Congress (NTUC) for its continuous support for the Labour Movement and its initiatives.
Top Singapore SMEs in Aviation Sector
HYPERCOAT ENTERPRISES PTE. LTD.
Hypercoat Enterprises, one of the oldest Aviation companies in Singapore, which began as a trading division of a multinational company, commenced operations as an independent business entity in 1985. It focuses on the distribution of aircraft parts and material to aviation companies and offers an array of product capabilities - including aircraft coatings and chemicals, aircraft systems, spares for airframes and engines, aerospace composites, interior furnishings and refurbishings, inflight services and cargo, and ground and workshop equipment. Meanwhile, Hansair Logistics was set up to provide logistics support to Hypercoat Enterprises, and together they have earned a reputation as credible and reliable supply chain partners to customers and vendors. Hypercoat Enterprises has earned AS9120:B, ISO 9001:2015, bizSAFE STAR Level 3, and Aviation Suppliers Association 35770421-1 certifications, and has gained approval from the Civil Aviation Authority of Singapore and AkzoNobel Aerospace Coatings.
ASCENT FLIGHTS GLOBAL PTE. LTD.
Ascent Flights Global (Ascent), which was incorporated in Singapore in 2018, is a technologically enabled urban air mobility platform. In order to address congestion, connectivity, environmental sustainability and health issues resulting from the COVID-19 pandemic and rapid urbanization, air mobility is a reliable and sustainable form of transportation. Ascent is a global air mobility platform which connects passengers with air mobility partners through proprietary technology. It offers touristic, cargo and medical services, and hassle-free flight experiences in non-congested environments through air bubble arrangements. The platform provides booking options for air taxis, seamless first and last mile services, business lounges, airport transfer services, private jet chartering, medical services and air cargo solutions. Ascent also operates in Thailand, Chile and in the United Arab Emirates.
BRAVO PASSENGER SOLUTIONS PTE. LTD.
Bravo Passenger Solutions, a private company incorporated in Singapore in 2013, is majority-owned by Chishima Real Estate in Japan. It is a provider of passenger service systems for airlines and other modes of transportation. Bravo’s Avantik Passenger Service Systems was launched in 2005 and serves the airline industry, especially low-cost leisure and regional carriers, with cost-effective and accessible systems. Avantik’s Systems contain a number of features including inventory management/flight schedules; travel agency corporate portal; tour operator and charter management; airport, kiosk, web and mobile check in and departure control; revenue accounting; and frequent flyer system, among other features. Bravo Passenger Solutions has partnerships with reputable technology partners such as Chubb Limited, Distill Networks, Datalex, Reist Telecom, The Flight Register, Hahn Air, Newshore, and Wirecard.
OJETS PTE. LTD.
Repeated company as per client
PERFORMANCE ROTORS PTE. LTD.
Performance Rotors is a drone technology startup which was founded in Singapore in 2016. With its team of hardware engineers, robotics aficionados, software developers, computer vision experts and industry professionals, Performance Rotors is solely focused on building drones to streamline operations, reduce costs, and eliminate problems in heavy industries. It develops numerous drone solutions and offers specialised aerial services including photography and videography, pilot services, aerial mapping and construction progress, corporate projects, and digitalisation for confined space inspections. Among Performance Rotors’ clients and partners are Royal Vopak, Bureau Veritas, Singapore Economic Development Board, Enterprise Singapore, Land Transport Authority (LTA), Mapletree, and Eastern Pacific Shipping. It has earned certifications from ISO, CAAS, and Bureau Veritas, and has been featured in The Business Times, The Strait Times, Tech in Asia, Singapore Business Review, and e27.
AM AEROSPACE SUPPLIES PTE. LTD.
AM Aerospace Supplies was established in Singapore in 1987 and provides individualised services and a comprehensive array of products. With a warehouse facility that holds over 10,000 line items in stock, it provides a variety of aircraft standard hardware, aerospace fasteners, Airbus electrical parts, switches and indicators, wires and cables, engine parts, thermocouples, harnesses, Barry controls - vibration mounts, and raw materials, among other products. AM Aerospace Supplies has reputable customers which include Airbus, Boeing, GE Aviation, Rolls-Royce, and Pratt & Whitney. It is also recognised for complying with ISO 9001:2008 and AS9120 standards.
FLARE DYNAMICS PTE. LTD.
Flare Dynamics is an aerospace precision engineering firm, which was incorporated in Singapore in 2012. It specialises in the fields of unmanned systems and composite materials. Its engineering and design team are a group of professionals who provide their expertise on advanced composite manufacturing, unmanned systems development, structural design and fabrication, precision engineering, and training systems and simulations. Among the products offered by Flare Dynamics are: Lifeline - a drone ground tether system; Discrete-I - a tactical autonomous micro unmanned aerial system (UAS); and Coverage - a weatherproof cross-platform adaptable drone ecosystem, with beyond-visual-line-of-sight (BVLOS) drone operations capability.
F-DRONES PTE. LTD.
F-drones is a company that serves the maritime logistics sector with autonomous delivery drones. Incorporated in Singapore in 2019, it develops and operates proprietary aerial delivery drones, capable of delivering 100kg loads over 100km, to offshore platforms and ships. F-drones is recognised as the first company in the world to produce and deliver 24-hour commercial beyond-visual-line-of-sight (BVLOS) drones. The company provides two different types of drones: the Hypercopter Proprietary drone for 10kg over 15km, and the Hyperlaunch Proprietary drone for 5kg over 50km. By 2023, the Hyperlaunch Heavy Proprietary drone for carrying 100kg over 100km will be available. F-drones has made drone deliveries to shipping and logistics companies including Hafnia, and Eastern Pacific Shipping; it completed the longest delivery in collaboration with Bernhard Schulte, Innoport and DM Sea Logistics. In Hong Kong,F-drones was awarded the Top 10 startup pitch at the Elevator Pitch Competition, and it was also chosen as one of the Top 10 startups by PortXL for its 2020 cohort.
FLYING BOTS PTE. LTD.
Flying Bots was incorporated in Singapore in 2015, and it is solely engaged in Unmanned Aerial Vehicle (UAV) technology due to the heavy demand in multiple industries. Flying Bots provides unmanned aerial vehicles, commonly known as drones, which are used for many purposes including mapping and surveying, infrastructure inspection, construction progress, emergency responses, search and rescue, and conservation. It also provides payloads for aerial imagery gathering, 3D mapping and modelling and thermal sensing, components such as flight controllers, accessories and transmission systems and software. Flying Bots is the only trader in Singapore to have the direct skills and access to DJI Enterprise and Consumer product lines offering the best solutions, consultancy and support suitable for clients.
YUGO GLOBAL INDUSTRIES PTE. LTD.
Yugo Global Industries is a private aviation network which was established in Singapore in 2020. It is run by a team of luxury travel and aviation professionals, serving high networth individuals, conglomerates and multinational companies. It enables flights such as VIP, Corporate, Medical, Leisure/Family, Emergency Medical Evacuations and Cargo flights. Yugo Global Industries provides a range of services including private charters for jets and helicopters, sightseeing and helicopter tours, helicopter transfers, concierge services, air ambulance for medical services, and air cargo services. Yugo utilises an array of different aircraft, from business liners, ultra long jets, and turboprops, to single engine and twin engine helicopters, belonging to reputed aircraft manufacturers such as Gulfstream, Airbus, Cessna, Dassault, and Bell. Yugo Global Industries has been featured on Yahoo Finance, New Strait Times, Tech in Asia, and e27.
Top Singapore Fastest-Growing Companies Aviation Sector
CHAPMAN FREEBORN AIRCHARTERING PTE. LTD.
Repeated company as per client
WILLIS LEASE SINGAPORE PTE. LTD.
Willis Lease Singapore, which was incorporated in 2014, is the Singapore office for Willis Lease Finance Corporation, a provider of aviation services in Florida. Willis Lease specialises in leasing out aircraft and aircraft related equipment and spare commercial aircraft engines to commercial airlines, global aircraft engine manufacturers, and maintenance, repair, and overhaul facilities. It offers different programs - including the Willis Lease Sale/Leaseback Program, and the ConstantThrust™ program - to the global aviation and aerospace industries. Willis Lease Singapore is a wholesaler of aircraft equipment and supplies, and aeronautical supplies, and leases commercial aircraft engines and other equipment. Willis Aeronautical Services (Willis Aero), is a subsidiary of Willis Lease, and provides products and services to the global aviation and aerospace industries, while Willis Asset Management (WAM) provides innovative engine solutions for asset owners, financiers, operators, and MROs. Willis Lease was ranked #19 by Fortune in its Small Business 100, and Airfinance Journal honoured the company with its Engine Deal of the Year Award.
BIAERO PTE. LTD.
BiAero, based in New Jersey, is a re-seller and purchaser of engine components, engines and associated LRUs and airframe parts. It focuses on the regional and narrow body commercial aircraft and specialises in engine platforms PT6, PW100, PW150, PW200, APS3200, and APS5000. BiAero’s Singapore office was launched in 2017, at the Regional Airport Complex in JTC Aviation 2. It is a full service distribution facility for PW100, PW150 and APU APs 3200 platform engines for Airbus A320. BiAero has a partnership with Rufus Aviation Fund. It has been accredited by the Aviation Suppliers Association (ASA) for meeting the necessary requirements ofASA’s Quality System Standard ASA-100 and FAA Advisory Circular 00-56B.
NATS SERVICES (ASIA PACIFIC) PTE. LIMITED
NATS is the UK's leading provider of air traffic control services. NATS Services (Asia Pacific) was incorporated in Singapore in 2014 to serve the Asia-Pacific region. Through its global network NATS offers air traffic services to airports, airlines, air traffic service providers and governments. NATS provides a range of services including Air Traffic Control (ATC) and engineering services, as well as training courses and services for wind farms such asconsultancy, pre-planning assessment, self-assessment maps and security. NATS Services (Asia Pacific) is responsible for providing airport and ATM services, consultancy services, and air traffic control services. In 2017, the Civil Aviation Authority of Singapore (CAAS) appointed NATS to lead a team involving HungaroControl and Searidge Technologies to develop a digital smart tower prototype for Changi Airport. As a result, by strengthening digital technology, the project is expected to transform the aviation industry in Singapore.
PRECISION HELIPARTS SINGAPORE PTE. LTD.
Precision Heliparts Singapore (PHP-S) was founded in 2017, and it is a part of the Precision Aviation Group (PAG) of Atlanta, Georgia. Precision Heliparts Singapore is supported by the global resources obtained from Precision Aviation Group companies, which hold over 100,000 line items of accessories, avionics and instruments. Precision Heliparts companies are engaged in helicopter maintenance, repair, and upgrades. PHP Singapore offers many services to customers including: ISMRO (Inventory Supported Maintenance Repair & Overhaul) - a repair station with internal repair capabilities for 21,000 products preferably with OEM exchange components; tip-to-tail support for fixed and rotary wing aircraft; airframe maintenance; and repair, sales, exchanges, supply chain logistics, and consignment inventory. PHP Singapore has 75 OEM product distribution lines, sales representatives, a customer service team and direct technical support.
WORLDWIDE GSA PTE. LTD.
Worldwide GSA is a subsidiary of World Freight Company (France) and founded in Singapore in 1995. It is a leading air cargo management service provider, and General Sales and Service Agency (GSSA) to airlines in the Asia-Pacific region. It provides a broad spectrum of services to airlines, from activities related to General Sales and Service Agents (GSA/GSSA), to cargo consultation and management services, cargo supervision and handling, reservations and customer services, flight chartering, trucking and customs clearance, training and education, and finance and administration. Worldwide GSA operates in 10 countries with 15 offices across the globe, and maintains airline partnerships with reputable companies including ANA Cargo, China Airlines, Gulf Air, Air France KLM, MartinAir Cargo, China Cargo Airlines, and Air Canada.
VSE AVIATION SINGAPORE PTE. LTD.
VSE Aviation Singapore, which was incorporated in 2017, is a distribution facility of VSE Aviation, USA. It specialises in maintenance, repair and overhaul (MRO) services, as well as the supply of parts for commercial, corporate and regional aircraft. It also distributes aircraft engines and accessories to commercial, business and general aviation, cargo, rotorcraft and military/defence customers. In 2018, VSE Aviation Singapore appointed Honeywell Asia Pacific as distributor for Boeing 777 and 737 display units and commenced shipping units to customers.
LUFTHANSA SYSTEMS ASIA PACIFIC PTE. LTD.
Lufthansa Systems Asia Pacific was incorporated in Singapore in 2000, and it is the Asia-Pacific regional headquarters of Germany’s Lufthansa Systems.A leading provider of IT services to airlines, Lufthansa Systems covers all its business processes - on the flight deck, in the cabin and on the ground. Lufthansa Systems delivers services including airline consultation; commercial and financial solutions; flight, navigation and operations solutions; and inflight entertainment. Lufthansa Systems Asia Pacific also provides designing, implementation, operation and marketing of IT, along with other IT and computer service activities.Lufthansa Systems’ headquarters are certified by IATA. Lufthansa Systems, along with BoardConnect - its Passenger Experience solution - won recognition at The World Travel Tech Award, winning the World's Best Inflight Entertainment Provider Award, and World's Best Portable Inflight Entertainment Provider in 2021. In 2018, the Onboard Hospitality Awards conferred the Best Use of Onboard Technology Award on Lufthansa Systems.
AVIATION CAPITAL GROUP SINGAPORE PTE. LTD.
Repeated company as per client.
TO70 AVIATION CONSULTING (SINGAPORE) PTE. LTD.
To70 is a global aviation consultancy which provides research and advisory services to the global aviation sector. Founded in the Netherlands in 2000, it extended its network to the Asia-Pacific region with the launch of To70 Aviation Consulting (Singapore) in 2015. To70 Aviation Consulting provides airport operation services and aviation consultancy services for aviation organisations, including airports and air navigation services.
