JTC signs record S$500m of deals at airshow

Amount covers expansion of aerospace companies in Singapore over next five years; value of this year's deals over 66% higher than the S$300m signed at 2018 event

Sharon See

Published Tue, Feb 11, 2020 · 09:50 PM

JTC

Singapore

JTC Corporation signed a record S$500 million worth of deals at the Singapore Airshow 2020 on Tuesday with aerospace companies that will be expanding their operations in Singapore over the next five years.

The value of this year's deals is over 66 per cent higher than the S$300 million signed at Airshow 2018, an indication of the "long-term prospects" for the aerospace industry despite the economic uncertainty, JTC said.

The agreements are with GE Aviation, Overhaul Services - Singapore; SIA Engineering Company (SIAEC); Singapore Aero Engine Services (SAESL); Ametek MRO; GE Aviation…