Singapore Aviation Authority Launches Development Initiatives
News Aviation Daily Feb 01 , 2010 , p. 19 Neelam Mathews Following a major restructuring of Civil Aviation Authority of Singapore last year, CAAS on Friday unveiled plans to drive the development and growth of the aviation industry in Singapore. CAAS introduced an Aviation Development Fund (ADF) with a budget of $100 million to fund incentive aviation-related programs in the next five years. The ADF programs will also support broader industry-level initiatives to raise effectiveness and competitiveness through government-industry partnerships. Two ADF programs of $25 million each – the Aviation Partnership Program and the Aviation Innovation Program – will be launched in April to assist companies in developing new capabilities and encourage innovation. Others that could be rolled out subsequently would support worker development. CAAS is also entering two Memorandums of Understanding (MOU) with the Association of Aerospace Industries (Singapore) and the Singapore Institute of Aerospace...