Welcome to Our New AAIS Member
Join us in welcoming our latest member: Sanxing Pte Ltd (Ordinary Member)
We are an AS9120-approved aviation distribution company based in Singapore since 1993. We supply aircraft spare parts and GSE and are also the Authorised Distributor for TowFLEXX remote control electric towbarless aircraft tugs. Our customers include operators, charterers, OEMs, armed forces, MROs and FBOs in the ASEAN region.
How will Singapore Budget 2023 impact your business?
10 May 2023 (Wednesday), 10am - 12nn
A number of developments arising from Singapore's Budget 2023 may have an impact on the net-of-tax return on business investments. Of particular note, Singapore will be joining the EU, Japan, Korea and other countries in implementing the Global Anti-Base Erosion (GloBE) rules and Domestic Top-Up Tax of 15%, affecting financial years from 1 January 2025 onwards.
On the other hand, the Enterprise Innovation Scheme has been introduced to encourage businesses to engage in R&D, innovation, and capability development activities. This scheme includes a cash conversion option, which would be especially helpful for SMEs.
To help you navigate these changes, AAIS is pleased to present two experts from EY who will share their insights on the above developments and what you should take into consideration. The presentations will be followed by an opportunity to obtain answers to your questions. AAIS members attend for free.
Aerospace Industry Performance 1Q2023
Singapore's aerospace sector grew 16.1% in the first three months of 2023 compared to the same period a year ago. According to data from the Economic Development Board (EDB), the aerospace segment grew 22.5% in March 2023 with more maintenance, repair and overhaul (MRO) jobs from commercial airlines on the back of increased global air traffic. Preliminary data for March 2023 charted industry output at 39.8% higher than the 2019 baseline.
Overall business sentiments in the manufacturing sector are slightly positive, as companies expect China’s reopening and the drawing down of inventories to support demand in the next six months. The Aerospace sector remains the most optimistic, with a net weighted 63% of firms expecting a favourable business environment in the next six months as firms continue to expect higher demand for aircraft MRO activity amidst strong demand for air travel.
As we move forward into the rest of the year, AAIS is thrilled to announce a full calendar of events, activities and opportunities for the industry community. From webinars to workshops, conferences to exhibitions, these events delve into important industry and business areas. In celebration of our 20th anniversary in 2023, AAIS is also excited to launch new initiatives and commemorative efforts that will honour our legacy and drive the association's further growth and development.
Stay tuned to our website and newsletters for regular updates and details on these activities. We look forward to your participation!
MRO Americas 2023 - Atlanta, Georgia
AAIS recently mounted a successful business mission with five Singapore companies to Atlanta, Georgia to participate in the MRO Americas exhibition. The pavilion, organised and managed by AAIS comprised of AMS Decision Pte Ltd, Cosmology Pte Ltd, Prime Aerospace Group, SP Manufacturing Pte Ltd., and VBC Group.
MRO Americas is one of the largest aviation maintenance conferences in the world, attracting thousands of industry professionals and buyers each year. Participation in the event allowed us to gain valuable insights into the latest industry trends and developments and showcase the strength and diversity of Singapore's aerospace industry.
We are pleased to facilitate our member companies in their international business efforts and look forward to opportunities to showcase their capabilities and connect with global partners.
|Upcoming Industry Activities|
|How will Singapore Budget 2023 impact your business?|
|Global Anti-Base Erosion rules, Domestic Top-Up Tax, Enterprise Innovation Scheme|
| May 10, 2023|
(10:00 AM - 12:00 PM)
JTC Business Centre
In response to new global developments in the post-pandemic era, the Singapore government recently presented Budget 2023. A number of developments arising from the Budget may have an impact on the net-of-tax return on business investments. Aerospace business leaders and tax and finance professionals should take note of these, even as the industry recovers and sees a flurry of new activities and investments.
- Singapore will be joining the EU, Japan, Korea and other countries in implementing the Global Anti-Base Erosion (GloBE) rules and Domestic Top-Up Tax of 15%, affecting financial years from 1 January 2025 onwards. For companies enjoying existing tax incentives in Singapore such as the Pioneer-manufacturing incentive, Development and Expansion Incentive and Aircraft Leasing Scheme, the introduction of these rules may have an impact on the benefits originally anticipated.
- Singapore has introduced the Enterprise Innovation Scheme to encourage businesses to engage in R&D, innovation and capability development activities. This scheme also includes a cash conversion option, which would be especially helpful for small and medium enterprises.
AAIS is pleased to present two speakers from EY to share about the above developments and what you should take into consideration. The presentations will be followed by an opportunity to obtain answers to your questions. AAIS Members attend for free, and Non-Members for a fee.
|AAIS Bowling Tournament 2023|
| May 13, 2023|
(10:00 AM - 12:30 PM)
The 2023 AAIS Bowling Tournament is back!
Gather your colleagues and form a team of 4 (with at least 1 female player), and sign up for some friendly industry competition! Stand to win cash prizes and other gifts through fun novelty games.
Registration begins now! Submit your registration no later than 26 Apr 2023 (Wed).
For AAIS/SG UAS Community member companies and non-member aviation/aerospace organisations (subject to approval) only.
|ASEAN Air Transport Working Group Sustainability Forum|
| May 17, 2023|
(1:00 PM - 5:00 PM)
Hotel Fort Canning
In conjunction with the 47th ASEAN Air Transport Working Group meeting, CAAS is organising the 3rd ASEAN Sustainability Forum on the afternoon of 17 May 2023, Wednesday. The forum will bring together regulators and industry, to share experience in decarbonisation measures, with a view to encourage greater uptake of sustainable aviation fuel (SAF).
The forum will be conducted in a hybrid format, and CAAS is inviting AAIS members to participate in the Sustainability Forum either in person (subject to a limit of 20 pax in view of the room capacity*) or virtually (online via Zoom).
Interested members are invited to RSVP and indicate your preferred mode of attendance by 27 April, 12 noon. Details on the agenda and speakers will be made available soon.
Today is the last day to visit the Singapore Pavilion at Rotorcraft Asia and Unmanned Systems Asia 2023 (3-5 May 2023)! See their profiles in our pavilion directory.
- Chemtron Pte Ltd
- Creatz3D Pte Ltd
- Flare Dynamics Pte Ltd
- Heron AirBridge Pte Ltd
- MooVita Pte Ltd
- Weston Robot Pte Ltd
RCA-UMSA 2023 is co-located with IMDEX Asia at the Changi Exhibition Centre. Learn more about the UAS industry and the Singapore UAS Community at AAIS Booth B-M43.
|AAIS Professional Development Courses|
Date: 18 to 19 May 2023
Type: Classroom Training
For over 10 years pyrometry has accounted for 70 to 80% of all Nadcap Heat Treat audit non-conformances. The new Advanced Pyrometry course is designed to help suppliers bridge the gaps between the specification, checklist requirements, internal procedures, and work instructions.
Shot Peening Applications for Aerospace Qualification
Date: 7 to 9 June 2023
Type: Hybrid Classroom Training
The course covers fundamental aspects in the understanding and utilisation of the shot peening process in accordance with aerospace industry standards and requirements. It would also equip attendees for proficiency and competency in meeting Nadcap Accreditation training requirements.
AS 9100:2016 Internal Auditor Course
Date: 25 & 26 May 2023
Type: Hybrid Classroom Training
This course provides comprehensive instruction on auditing aerospace quality management systems and follows the basic processes in conducting an internal audit of an aerospace manufacturing facility, from audit preparation and completion through the corrective action process.
Drone Security Training Course Bundle
(2-6 weeks to complete all 3 courses)
Type: On-demand learning
This course addresses important issues of governance, regulation, and security that governments, investors, and organisations need to be aware of in using drones. Suitable for professionals and individuals looking to upskill, or hobbyists looking to understand the full range of drone technologies.
Runway 21 Serviced Office
Managed by AAIS, our Serviced Office located in Seletar Aerospace Park provides aerospace start-ups and new-to-Singapore businesses with crucial and relevant support in the early stages of development.
To find out more about available office spaces, services offered and rates, please contact our Business Concierge at +65 6262 5336 or via email at JTCA2bookings@aais.org.sg.