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Aviation industry in Singapore- statistics & facts

The aviation industry is a significant contributor to the Singapore economy. Singapore's Changi Airport has been consistently ranked as one of the best airports in the world and offers a variety of shopping and food and beverage options for travelers. In the financial year 2019/20, the Changi airport had a revenue amounting to approximately three billion Singapore dollars. The Singaporean aviation industry also has a significant aerospace maintenance, repair and overhaul sector. Singapore currently has Air Services Agreements* (ASAs) with more than 90 countries around the world.

Changi Airport's future plans for growth

Singapore had been upgrading and expanding the airport and air navigation services infrastructure to ensure sufficient capacity ahead of demand. In 2019, Changi Airport opened the world's tallest indoor waterfall, located in the newly opened entertainment complex Jewel Changi Airport. By the end of 2020, Changi Airport’s three runway system and the mega Terminal 5 was projected to increase passenger capacity by another 50 million.

Air traffic at Changi Airport increased until the end of 2019

Changi Airport is one of the largest transportation hubs in Asia and one of the busiest in terms of passenger traffic. In 2019, the number of moving commercial aircrafts at Changi Airport amounted to approximately 382 thousand. More than 33.5 million people were departing from the Singaporean Changi Airport in 2019. In 2019, several expansions also took place contributing to increased passenger traffic. Changi Airport added three new passenger city links to Busan in South Korea, and Hefei and Xuzhou in China. That same year, seven airlines, including AirAsia X Berhad and Vistara, started passenger operations from the airport. The airport also offers six US city links, with 70 passenger services each week, 45 of which are non-stop services.

Singapore Airlines' global connectivity

The number of passengers carried by Singapore Airlines amounted to about 20.74 million in fiscal year 2018/2019. In 2020, Singapore Airlines (SIA) and All Nippon Airways (ANA) signed a joint venture agreement to give passengers more flight connections between the two carriers and access to a wider network. Scoot, the low cost airline of the Singapore Airlines Group, was named the best budget airline in the Asia-Pacific region in 2019. Scoot would be expanding its routes with the launch of nine new destinations by the end of 2020.

Singapore's air freight movement

In 2019, the air freight movement at Changi Airport amounted to 2.01 million metric tons. A new airfreight facility that will be built as part of the Changi East project aimed to increase Singapore's air cargo handling capacity from 3 million tons to 5.4 million tons per year. Named Changi East Industrial Zone (CEIZ), the new facility will consist of air freighter terminals, air cargo express facilities and hangars for maintenance, repair and operation (MRO) services.

Employment in the aviation industry

The Air Transport Industry Transformation Map (ITM), a national blueprint to upgrade the capabilities of aviation companies, aims to increase the sector’s productivity by 40 percent, and to redesign or create more than eight thousand jobs by 2025. In the education sector, aviation related jobs are also in demand. Post-secondary students can join a range of aviation related courses at the Institute of Technical Education (ITE) to prepare for technical ground operations roles in the industry.

COVID-19 has severely damaged Singapore's aviation industry

However, the COVID-19 outbreak has had a massive impact on the global aviation industry. Most of the air traffic has collapsed and Singapore has not been spared either. In April 2020, the flight frequency fell to an average of minus 96 percent compared to the previous year. It remains to be seen whether the Singapore aviation industry will recover quickly and is still able implement its plans on time.

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Aviation industry in Singapore

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