The Association of Aerospace Industries (Singapore) (AAIS) and the New South Wales (NSW) Department of Industry – Economic, Skills & Regional Development today signed a Memorandum of Cooperation, signaling their intent to promote and facilitate more business activities and collaboration between aerospace companies in both territories.
The Memorandum was signed by Mr Sia Kheng Yok, AAIS Chief Executive and Mr Duncan Challen, Executive Director for Industry Development at the NSW Department of Industry. This MOC signing is one of the significant outcomes of the Business Mission to Australia organised by AAIS, in conjunction with the Australia Airshow – Avalon 2017, being held in Geelong from 28 February to 5 March. JTC Group Director Leow Thiam Seng and the Singapore aerospace business delegation were present to witness the signing.
The agreement covers cooperation in key areas including information exchanges on aerospace businesses and capabilities in Singapore and NSW, facilitation of industry study visits and business missions, as well as mutual invitations to industry events. The parties also agreed to share best practices on human resource capacity building.
Mr Sia said, “We are very happy to deepen our business relations with Australia. New South Wales has exciting plans for the New Western Sydney airport, including the creation of a supporting aerospace and defence precinct surrounding it. We hope, through this MOC, we will create awareness and inspire businesses in Australia and Singapore to explore the many opportunities for collaboration, growth and expansion.”
This is the third MOC entered into by AAIS, following collaborative agreements signed with Aviation/Aerospace Australia the Aerospace Industries Association of Canada. The MOC will last for an initial period of five years.