Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Singapore government announces support package to rescue aviation sector

The Government has announced an S$ 870 million OneAviation Support Package for the aviation sector in Budget 2021. The aviation sector is among the hardest-hit sectors by the COVID-19 pandemic across the globe, and Singapore has felt the drastic impact of the pandemic. The Package will enable aviation companies to preserve core capabilities and survive the crisis, and maintain Singapore’s position as an aviation hub post-COVID-19. The funding for the sector comes under the $11 billion Covid-19 Resilience Package announced in the Budget speech.

Many aviation companies have reduced their workforce over the past year. Key aviation companies have also done likewise in a very judicious manner, mostly affecting foreign manpower.Singapore must avoid further reductions to the aviation workforce so that companies will not lose their core local capabilities, which has taken many years to build up. If the sector weakens its capabilities, this will hamper its ability to recover.

The OneAviation Support Package comprises two key components. First, enhanced manpower support amounting to $330 million. Under the Jobs Support Scheme (JSS), companies in the aviation sector will receive 30% support for wages paid from April to June 2021, and 10% support for wages paid from July to September 2021.

The OneAviation Support Package will further enhance wage support for companies in the aviation sector through an Aviation Workforce Retention Grant, to 50% support for wages paid to local employees, Singapore Citizens and Permanent Residents only, from April to September 2021 (up to a cap of S$4,600 of gross monthly wages).

In other words, companies in the aviation sector that are currently eligible for Tier 1 JSS support will receive an additional 20% support for wages paid to each local employee from April to June 2021, and an additional 40% support for wages paid to each local employee from July to September 2021.

Minister for Transport Mr Ong Ye Kung said: “Aviation is one of the hardest hit sectors during this pandemic, if not the hardest hit, as Changi and its stakeholders have lost 97.5% of its customers. Yet for a city-state like Singapore, the air hub is essential to connect us with the rest of the world and continues to be our lifeblood. This support will help Changi tide through the crisis, while we explore ways to reopen borders safely.”

In addition to wage support, companies in the Air Transport sector will continue to receive training support through the Enhanced Training Support Programme, which has been extended to December 2021. On top of this, Singapore-based airlines will receive support to convert some of their existing pilots to operate other aircraft types, to provide an adequate pool of trained pilots to support the eventual recovery.

Second, cost relief amounting to $540 million. Pre-COVID-19, companies at the air hub had to pay various fees, such as landing and parking fees for airlines, rental for lounges and offices, and licence fees for ground handling and catering services.

During this period, aviation companies have been unable to recover their cost of operations due to the sharp fall in passenger volume, even as the higher cost is incurred to implement stringent measures to enable safe air travel and minimise the risk for airport workers. These include biosafety and safe management measures, segregation of transfer-transit passengers from origin-destination passengers, and systems to support COVID-19 on-arrival testing requirements.

The Package will extend existing rebates on fees and charges at Changi and Seletar Airport for another year. The rebate on fees payable by pilots, air traffic controllers and aircraft maintenance engineers will also be extended for another year.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.