On the second day of the Singapore Airshow-2018 the Russia-Singapore Business Council organized negotiations between the leadership of the holding company Russian Helicopters (part of State Corporation Rostec), representing the Association of Aviation Manufacturers (Russia), with Mr. Sia Kheng Yok, the Executive Director of the Association of Aerospace Industries (Singapore), which consists of 34 companies, including H3 Dynamics, Field International, BSB Aviation, Aviation Learn and others. During the meeting the priority areas for cooperation were identified and, more specifically, – the establishment of service centers for aircraft maintenance and training centers for technical specialists in South-East Asia, as well as the certification of Russian technologies in Singapore and neighboring countries. In addition, the members of the Singapore Association were invited to take part in the SPIEF-2018 (May, St. Petersburg), Eastern Economic Forum-2018 (September, Vladivostok), held by the Roscongress Foundation and in the third Russia-Singapore Business Dialogue (April, Singapore), organized by Russia-Singapore Business Council.
Background:
Russian Helicopters (part of State Corporation Rostec) is one of the global leaders in helicopter production and the only helicopter design and production powerhouse in Russia. Russian Helicopters was founded in 2007 and is headquartered in Moscow. The company comprises five helicopter production facilities, two design bureaus, a spare parts production and repair facility, as well as an aftersale service branch responsible for maintenance and repair in Russia and all over the world. Among Russian Helicopters customers – Russian ministries and state authorities (Ministry of Defence, Ministry of Internal Affairs, Emergency Control Ministry), operators (Gazpromavia, UTair), major Russian and foreign corporations. In 2016 Russian Helicopters IFRS revenues reached RUB 214.3 billion. Deliveries reached 189 helicopters. General Director – Andrey Boginsky.
State Corporation Rostec is a Russian corporation founded in 2007 for the purpose of promoting the development, production and export of hi-tech civilian and military industry products. It comprises 700 organisations, nine of which have now been formed as holding companies of the military-industrial complex, six of them are involved in civil industries and 32 are directly controlled. Rostec’s portfolio includes recognised brands such as Avtovaz, Kamaz, Kalashnikov Concern, Russian Helicopters, and VSMPO-AVISMA. Rostec’s organisations are located in 60 constituent entities of the Russian Federation and supply their products to the markets of more than 70 countries. The revenue of Rostec in 2016 the consolidated revenue of Rostec reached RUB 1.266 trillion, while consolidated net income and EBITDA amounted to RUB 88 and 268 billion. In 2016 average salaries within the Corporation amounted to RUB 44 thousand. According to the new Rostec strategy, the new main goal of the Corporation is to facilitate technological advantage of Russia at highly competitive international markets. Planned volume of investments into development until 2025 is RUB 4.3 trillion. General Director – Mr. Sergey Chemezov.
Association of Aviation Manufacturers (Russia) is an autonomous non-profit organization, established in 2007, to promote the development, production and sale of Russian aviation products. The prime objectives of the organization include the representation of interests of aircraft manufacturers in Russia and abroad. Chairman – Mr. Anatoly Serdyukov.
Association of the Aerospace Industry (Singapore) is a not-for-profit organization, established in 2003, to promote the development of Singapore as a leading aerospace hub. The President – Mr. Philip Quek.
Source: http://www.rsbctrade.com/the-second-day-of-singapore-airshow-2018/