Singapore plays an important role in the Asia Pacific aviation market- it has one of the busiest airports in the region, is one of the region’s key MRO hubs, as well as has one of Asia’s leading network carriers in Singapore Airlines. It represents a key market for the region’s three largest (and rapidly expanding) LCCs – Tiger Airways Group, AirAsia Group and Qantas Group’s Jetstar brand. Centre for Asia Pacific Aviation (CAPA) presents Singapore Aviation Outlook as aviation is a key component of the Singaporean economy.
PART I: COUNTRY OVERVIEW
One of East Asia’s economic ‘Tigers’
Over the past decade, Singapore has become one of East Asia's economic ‘Tigers’ (in addition to Hong Kong, Taiwan and South Korea), becoming one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe.
Singapore's export-dependent economy (Singapore is particularly reliant on exports of consumer electronics, IT products, pharmaceuticals, and |