THE CIVIL Aviation Authority of Singapore (CAAS) will launch a new US$3.9-million Aviation Promotion Programme, which will help local aviation firms gain access to global markets through sponsoring their participation at international trade events.

Speaking at yesterday's Aviation Community Reception 2012, Singapore’s Minister for Transport, Lui Tuck Yew, said: “As Singapore aviation continues to compete on the international stage, there is a need for stronger collaboration between the industry and government to overcome barriers to entry overseas and expand market access.”

“The programme will help local companies expand market access globally through funding support for participation at international trade shows and business campaigns.”

“Overall, the programme will further strengthen the partnership between the industry and CAAS to maintain Singapore’s position at the forefront of aviation.”

Meanwhile, Lui said CAAS would also expand the scope of the Aviation Innovation Programme (AIP), which functions under its Aviation Development Fund.

Originally aimed at supporting the development of new and enhanced capabilities within the local aviation industry, the AIP can now also be tapped on for projects that will bring about a significant productivity gain.

“Through this, we hope to spur more companies to embark on innovative ways to boost productivity, optimise resources and improve overall competitiveness,” said Lui.