| Monthly Updates: February 2025 |
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SG Aerospace Industry Output & Business Outlook
In 2024, Singapore’s aerospace industry recorded a significant output of S$18.0 billion, according to preliminary data from the Ministry of Trade and Industry's Economic Survey of Singapore 2024. This marks a 15.4% growth from the S$15.6 billion recorded in 2023.
The industry's value-added contribution stood at S$5.90 billion in 2024, reflecting a 21.7% increase from S$4.85 billion in 2023. By the end of the year, the sector employed over 22,000 workers, with an average annual remuneration of S$91,000 per worker. |
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Despite ongoing geopolitical uncertainties and global macroeconomic challenges, business sentiment in the aerospace sector remains positive. Aerospace firms anticipate a stronger business outlook for January–June 2025, compared to the fourth quarter of 2024, driven by robust air travel demand and increased aircraft engine repair jobs from commercial airlines. Notably, a net weighted balance of 42% of firms surveyed expect higher output in the first quarter of 2025 compared to the previous quarter. |
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Budget 2025 for Businesses
Budget 2025 delivered by PM Lawrence Wong on 18 February focuses on strengthening Singapore's long-term economic resilience through a multi-faceted approach, addressing immediate business needs while investing in long-term growth drivers. Key initiatives include managing costs, enhancing technological capabilities, strengthening the enterprise ecosystem, and significant infrastructure investments.
The following initiatives are particularly relevant to our industry: - 50% Corporate Income Tax Rebate for the Year of Assessment 2025, capped at $40,000, and a minimum benefit of $2,000 for active companies with at least one local employee in 2024.
- Increased co-funding levels for the Progressive Wage Credit Scheme in 2025 and 2026, a consolidation of existing workforce transformation schemes and higher funding support of up to 70% for job redesign activities.
- A $5 billion top-up to the Changi Airport Development Fund for the airport's continued development and competitiveness, and a $5 billion top-up to the Future Energy Fund to support transition to cleaner energy sources.
- A $3 billion top-up to the National Productivity Fund and a $1 billion investment in R&D infrastructure.
- Up to $150 Million in the new Enterprise Compute Initiative, to provide businesses with access to advanced computing resources including AI.
- Extension of support schemes for internationalisation and mergers and acquisitions.
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Singapore Pavilion @ inter airport Southeast Asia 2025
The inter airport Southeast Asia 2025 exhibition and conference will be happening next week from 25 to 27 March at the Marina Bay Sands Expo and Convention Centre. The event kicks off with a bang on Day 1 with a fireside chat on "Reshaping Global Airport Operations," with Mr Patrick Ky, CEO of the International Centre for Aviation Innovation (ICAI), moderated by Ms Glory Wee, Senior Director, Aviation Development Group, Civil Aviation Authority of Singapore (CAAS).
The Singapore Pavilion at IASEA features 13 dynamic exhibitors. Coordinated by AAIS, the Singapore Pavilion will highlight innovative solutions including fleet and asset tracking, 3D printing services, predictive maintenance, integrated security solutions, advanced aircraft and helicopter tow tugs as well as the latest advancements in Industry IoT, LiDAR, and other emerging technologies that support seamless and sustainable airport operations. |
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Visit the Singapore Pavilion to connect and explore new business possibilities! |
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AAIS Publishes First Singapore Space Industry Directory
In conjunction with Space Week in Singapore, AAIS is proud to launch the inaugural Singapore Space Industry Directory 2025/26. Following the establishment of our space community, SSID is yet another initiative to spotlight this exciting and fast-growing field. It serves as a valuable resource, showcasing Singapore’s space capabilities and suppliers in hardware and engineering, software and systems, materials and additive manufacturing, telecommunications, navigation, and more. |
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Standardization Impact Report by ASTM
ASTM International has released its Standardization Impact Report, providing perspectives on global industry trends and the critical role of standards in shaping them. The report highlights five key sectors—Emerging Airspace, Health and Safety, Built Environment and Infrastructure Systems, Advanced Manufacturing, and Clean Energy & Decarbonization Technology— providing insights into ongoing standards development activities and the key ASTM committees leading these efforts. Members are encouraged to contribute to the standards development process to stay ahead, shape best practices, and ensure alignment with the needs of your business and operations. |
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AAIS CNY Networking Evening
AAIS members gathered for our first HOST networking event of the year on 13 February. Over 100 participants, including guests from partner agencies, enjoyed a lively evening of networking over food and drinks, exchanging Lunar New Year well-wishes, and reconnecting with industry friends, old and new. A highlight of the evening was the customary ‘Lohei’, where attendees came together to toss for prosperity and success in the year ahead. |
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AAIS Aerospace Community Day
This CNY, the industry came together to spread festive cheer at Aerospace Community Day 2025, bringing joy to over 470 seniors across two elderly care homes. Taking place at St. John’s Home on 6 February and Bright Hill Evergreen Home on 7 February, volunteers organised games, songs and entertainment and honoured the tradition of distributing mandarin oranges, angbaos, and sharing a festive meal. A huge thank you to our members and the incredible industry community who gave their time, energy, and contributions to make this celebration possible!
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2nd Sustainability Community of Practice
AAIS and JTC held the second Sustainability Community of Practice (CoP) session on 13 February, with a focus on waste management and energy efficiency. There were insights from NEA on sustainable waste management, the Waste Management & Recycling Association of Singapore (WMRAS) on best practices and Sembcorp on solar technology solutions. EDB and NEA also shared on government grants supporting energy efficiency initiatives. The session saw robust discussions on shared industry interests, with participants actively exchanging ideas. |
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AAIS Guest Book: Jan/Feb 2025
AAIS was pleased to welcome international delegates to Seletar Aerospace Park in the opening months of the year. Such visits serve as valuable occasions for us to connect and share about the landscape of Singapore’s aviation and aerospace industries, and in turn, learn about industry developments in the visitors’ countries/regions. |
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Kazakh Civil Aviation Academy 28 January 2025 |
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Shibayama Town Office 11 February 2025 |
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President, Embry-Riddle Aeronautical University 14 February 2025 |
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Officials from SAA's Aviation Foundation Programme 20 February 2025 |
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| Upcoming Industry Activities |
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| inter airport Southeast Asia 2025 | 
| Mar 25 - 27, 2025
(GMT+8) |
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| Marina Bay Sands Si...
Singapore |
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The GSE-dedicated Trade Show in Asia inter airport Southeast Asia powers the business of buying and selling of ground support equipment in Asia. Every odd year, buyers and decision makers from the airports, airlines, ground handlers and the entire GSE community in Asia attend the event to source from the most diverse selection of GSE innovations and network with international GSE solution providers. Deals get done through a mix of effective networking events and unlimited business opportunities across the 3-day trade show. The last edition in 2023 welcomed over 150 global equipment suppliers, manufacturers, solution providers and 3,131 qualified visitors from Asia. Held in Singapore, the 8th edition of inter airport Southeast Asia will take place 25-27 March 2025 at the Marina Bay Sands, Halls B & C. | |
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| Launch Event for SS 708:2024 - Additive Manufacturing FLM for Aerospace | | Held on Day 2 of the inter Airport Southeast Asia exhibition and conference |
| Mar 26, 2025
(12:30 - 13:45)
(GMT+8) |
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| Sands Expo and Conv...
Singapore |
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| Join us for the launch of SS 708:2024, a new Singapore Standard that establishes a clear framework for filament layer manufacturing (FLM) in aerospace applications. Developed by a working group comprising aerospace and AM industry experts alongside the national regulatory and standards body, SS708:2024 covers hardware, systems, and controls to support part producers, DOA/POA applicants, and end users of aerospace components. The launch event will be taking place on day 2 of inter Airport Southeast Asia and will feature speakers from CAAS, NAMIC and ST Engineering. Register for a complimentary trade pass to IASEA and be part of this milestone event! Plus, take the opportunity to explore the latest airport and aviation technologies and new business opportunities. | |
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| Drones & Uncrewed Asia 2025 | |
| Sands Expo and Conv...
Singapore |
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The third edition of Drones & Uncrewed Asia, co-located with Geo Connect Asia, will take place on 9th and 10th April 2025 in Singapore. With the theme Delivering Solutions for an Expanding Asian UAV Ecosystem, the event offers a focused platform for the region’s UAV industries. The show and conference will address critical industry topics, including regulatory challenges, surveillance, cargo delivery, emergency services, maintenance, and the management of critical infrastructure. Join us at the Drones Innovation Stage, where industry leaders and experts will showcase the latest advancements in drone technology through engaging end-user case studies. Topics will include AI and robotics, data interoperability, autonomous solutions, Urban Air Mobility (UAM), and updates on regulatory developments. Exclusive for AAIS Members: Enjoy a 15% discount on a two-day conference pass. The promotion is valid for bookings starting from 23rd January 2025.
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| Aerospace Day 2025 | | Join us and seize the chance to Engage and Inspire the Next Generation of Talent | | AAIS is proud to collaborate with the five Polytechnics and ITE for Aerospace Day 2025, to be held on 15 May 2025 (Thursday). This initiative is part of our efforts to develop talent and address the growing manpower needs of the industry. We invite Aerospace and UAS companies to participate in this outreach effort. Take the opportunity to strengthen your brand and expand recruitment opportunities with aerospace-trained students and mid-career jobseekers. Participation Modes - Exhibition Table Top
- Company Tour
- Job Opportunities/Interviews
- Company Sharing
Interested? Contact Ms Jen Ng (jen@aais.org.sg). | |
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Members are invited to the inaugural Business Aviation Asia Forum & Expo (BAAFEx) 2025, taking place from 4 – 6 March 2025 at Changi Exhibition Centre. Secure your complimentary pass for access to the Exhibition, Expert Panels, Keynote Sessions, and Aircraft Displays.
Don’t miss the conference session, "Southeast Asia: The New Centre of Growth", on (Day 2) Wednesday, 5 March, 13:40 – 14:30, featuring speakers from AAIS, ACAM Group, Air 7 Asia, and TAG Aviation. |
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Singapore Budget Symposium Join an exclusive Budget 2025 conversation with Prime Minister Lawrence Wong, Minister Chee Hong Tat and Minister of State Alvin Tan to gain insights into Singapore Budget 2025 and the support available for businesses to foster growth and be future-ready. Organised by the Singapore Business Federation and taking place on 19 March at Marina Bay Sands, the session will also feature a Plenary Discussion with senior management from DBS Bank and PwC Singapore on strategies that businesses can embark on for the year.
AAIS is delighted to be a Supporting Association for the event. AAIS members can enjoy the SBF Member Rate of S$58. Register online and use the promo code <SGBS25AAIS58>. |
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U.S. Export Compliance Seminar With recent policy and regulatory changes, it is more crucial than ever for businesses to stay informed about U.S. export control rules and how they apply tocompanies and transactions outside the United States.
The Export Compliance Training Institute (ECTI) will be conducting its annual seminar series on U.S. export control regulations from 24 – 27 March 2025 at One Farrer Hotel, Singapore. Led by experienced practitioners, the sessions will provide comprehensive guidance on Export Administration Regulations (EAR), International Traffic in Arms Regulations (ITAR), andOffice of Foreign Assets Control (OFAC) sanctions programs.
AAIS members can enjoy a 15% discount on these seminars. Register online and enter promo code <USCOM15> at checkout. |
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Aerohub Summit 2025: Shaping the Future of Aviation
Trueventus proudly presents the Aerohub Summit, taking place in Hong Kong from 7–8 May 2025, featuring two premier conferences running concurrently. 5th Annual Aerotropolis Summit Gain insights into scalable master planning, real estate investments, and connectivity solutions that drive thriving airport cities. Airport Facilities Management Summit Explore strategies to optimize airport operations, enhance financial frameworks, and improve asset management for long-term growth. This exclusive event brings together industry leaders, airport operators, and investors to discuss innovations shaping global aviation. AAIS Members enjoy a 10% discount on registration. Don’t miss this opportunity to be at the forefront of aviation and infrastructure advancements!
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| AAIS Professional Development Courses |
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AS 13100 Fundamentals - QMS for Aero Engine Design & Production Organisations Date: 21 March 2025 Type: Classroom Training This 1-day course provides participants with knowledge and skills to navigate the complexities of quality management systems for aerospace engines. It provides guidance for those involved in aero-engine production to meet stringent regulatory and customer requirements. |
EASA Part 145 Maintenance Organisation Approvals Date: 29 & 30 April 2025 Type: Classroom Training This course provides participants with an understanding of the EASA Part 145 and CAA Malaysian Part 145 organisation approvals. It will enable participants to help their organisations to demonstrate and maintain compliance to the two regulatory frameworks.
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Shot Peening Applications for Aerospace Qualification Date: 7 to 9 April 2025 Type: Hybrid Classroom Training This course covers the fundamentals of the shot peening process in accordance with aerospace industry standards and requirements. It provides key guidance on proper and effective execution of this special process and will also help attendees meet Nadcap Accreditation training requirements. |
Drone Security Training Course Bundle Duration: 3 courses over 2-6 weeks 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 looking to upskill, or hobbyists looking to better understand drone technologies. |
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Check out new articles in our online magazine - Aerospace Singapore (AS) Digital! See updated aviation and aerospace stories and interviews, industry news and pieces written by youth sharing their unique perspectives and passion.
Subscribe to the AS Digital Mailing List for more updates and engaging content! Showcase your announcements, breakthroughs, personalities, news and more! Send your press releases and articles to comms@aais.org.sg |
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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. |
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