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Aviation in Singapore is a key component o … Aviation in Singapore is a key component of the Singaporean economy in its quest to be a transport hub of the Asian region. Besides currently the sixth busiest airport and the fourth busiest air cargo hub in Asia, the Singaporean aviation industry is also a significant aerospace maintenance, repair and overhaul centre. The aviation industry is a significant contributor to the Singapore economy. In 2009, it contributed S$14.2 billion (5.4%) in direct and in-direct value-add to the Singaporean GDP. This included S$8.7 billion of direct contribution from the sector, S$3.1 billion through indirect contributions from the sector's supply chain and S$2.4 billion from consumer spending by employees of the aviation sector and its supply chain. 58,000 direct jobs were available in the industry, rising to 119,000 jobs if the entire supply chain is included. Out of the 58,000 direct jobs, aerospace manufacturing companies employed approximately 18,000 people, airline companies employed 15,000, while 24,000 worked in the airports and ground service companies. The sector also directly contributed S$1.5 billion in taxes in 2009. Airlines registered in Singapore were also major contributors to the economy, employing over 15,000 in Singapore and providing a further 11,000 jobs in the supply chain in 2009. Overall, these airlines contribute over S$5.5 billion to the economy and supported 34,000 jobs in Singapore.my and supported 34,000 jobs in Singapore.
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Aviation in Singapore is a key component o … Aviation in Singapore is a key component of the Singaporean economy in its quest to be a transport hub of the Asian region. Besides currently the sixth busiest airport and the fourth busiest air cargo hub in Asia, the Singaporean aviation industry is also a significant aerospace maintenance, repair and overhaul centre.e maintenance, repair and overhaul centre.
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