With its global aviation support business flying
high, Artemis Aerospace is
opening a hub in Singapore. Read
on to find out why they think it's the perfect time and place to
establish an eastern presence.
WISTON, England, May 15, 2024 /PRNewswire/ -- Acknowledged as a
magnet of business dynamism and aspiration, Singapore also has the reputation of being a
thriving commercial epicentre with impeccable connections
globally.
Its airport, Changi, is one of the largest transportation hubs
in Asia, one of the world's
busiest airports for both passenger and freight traffic, and
consistently tops polls for the World's Best Airport, including no
fewer than twelve times in the Skytrax global airline and airport
rating system. It's a model of sustainability, and as well as all
the usual facilities, the airport boasts a butterfly garden and the
beautiful Green Wall, which is five stories high and contains over
113,000 plants. Over 100 airlines operate in and out of Changi, and
the airport is fully equipped to accommodate the giant Airbus 380
and other mega aircraft, as well as being a major hub for freight
transport.
Looking at the wider South East Asian aviation industry, a
recent report* estimates the market size at USD 36.06 billion in 2024, and is expected to
reach USD 45.68 billion by 2029,
growing at a Compound Annual Growth rate of 4.84% during 2024 –
2029. The report flags up the rising disposable income levels of
passengers in Indonesia,
Thailand, the Philippines and Singapore itself and the growth of the tourism
sector across the region, with countries substantially expanding
their aircraft fleets. Military aviation is also expanding across
South East Asia to counter Chinese
aggression towards Taiwan.
Major players in the market are flocking to establish bases in
the region, and after careful research and preparation, the team at
Artemis Aerospace has decided that this is an area where we need to
have our feet firmly on the ground.
Jim Scott, co-founder and
managing director of Artemis Aerospace, said:
"There's been a huge rise in transactions in South East Asia for our multi-discipline
business, including component supplies, component repairs, lessor
support, flight simulation hardware support, consignment stock
management and global aircraft logistics, and with the amount of
work we are currently handling there we feel our customers will
benefit from Artemis having a local hub. In our sector, speed is of
the essence, and the new hub will make our service across the
region even faster and more efficient."
Artemis's expertise in obtaining components for flight
simulators, thus ensuring minimum downtime for these essential
training devices, helps ensure pilot and crew instruction operates
with the least possible disruption. With the South East Asian
aviation industry expanding so rapidly, the company believes its
service will be in great demand.
To find out more about Artemis Aerospace's effective and
innovative component solutions for the aviation industry worldwide,
please contact the team.
*South East Asia Aviation Market Size and Share Analysis –
Growth Trends and Forecasts (2024 – 2029) – Mordor Intelligence
Photo -
https://mma.prnewswire.com/media/2413691/Artemis_Singapore_hub.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/artemis-aerospace-explores-how-rapid-growth-in-south-east-asian-aviation-has-opened-up-opportunities-for-suppliers-302146480.html