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Hyundai X NTU: Four Pilot Projects Focusing On Mobility Of The Future.

Hyundai x NTU: Four Pilot Projects Focusing On Mobility Of The Future.

Singapore’s Nanyang Technological University (NTU) and South Korean car manufacturer Hyundai Motor Group have inked an agreement to run four research projects focusing on the production of electric vehicles and future mobility technologies. 

By Ashwini Balan, Eastern Trade Media


Specifically, the projects will look at the use of artificial intelligence (AI) and additive manufacturing(AM) technologies. The research initiatives were part of NTU’s vision to develop applications that would be revolutionary, paving the way for next-generation automobile manufacturing. One of the projects, for instance, is to build machine learning algorithms for vehicle image processing, that could be tapped to check the quality of battery electric vehicles. An AI-powered image processing sensor deployed in the manufacturing plant could detect defects and anomalies across the production process, ensuring the safety and reliability of the final product, NTU said. 

Another project would explore the integration of additive manufacturing, or 3D printing, to customise automotive components for electric vehicles and how these parts could be implemented in small factor operation. This could facilitate smart manufacturing sites capable of building car models that are customised.

The partnership between Hyundai and NTU started last October, when NTU was unveiled as Hyundai’s first academic research partner for their innovation centre in Singapore. The project will steadily begin research work this month and is expected to be completed by the end of 2022. The Hyundai research facility focuses on future mobility technologies and together with NTU, Hyundai also planned to run 3D printing competitions in automotive engineering, which they hoped would spur interest in electric vehicle manufacturing and nurture new talent in the sector. NTU students and researchers also would be able to tap Hyundai’s industry experts to exchange ideas. 

There are similar projects that Hyundai has partaken in 2021, in view of their carbon neutrality goals. In June, Hyundai teamed up with mobile app platform Grab to drive the adoption of electric vehicles in Southeast Asia. Both companies would explore pilots to ease the use of such vehicles for Grab drivers and delivery partners, such as offering leasing programmes on a “battery-as-a-service” model. The South Korean carmaker in March also announced a partnership with Singapore telco Singtel to develop a system for Hyundai to monitor electric cars driven on the island. The Internet of Things (IoT) platform would provide Hyundai with telemetry, or “automatic data transmission”, on the status and performance of the batteries powering the electric vehicles used the company’s subscription service.

Indeed, multinational automotive manufacturers are gearing ahead into the all-electric future and it seems that this vision of the future, would soon become the present reality. 

References of the content:
1. Original Article Source: , ZDNet, 2021
2. Image Source: Lorenzo Hamers on Unsplash

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Hyundai Motor Group Partners Grab To Accelerate EV Adoption In Southeast Asia

Hyundai Motor Group Partners Grab To Accelerate EV Adoption In Southeast Asia

Hyundai Motor Group and Grab Holdings Inc. (Grab) has announced an enhancement of their ongoing strategic partnership in mobility services. The next phase of the partnership will focus on accelerating EV adoption in Southeast Asia. The Group, including Hyundai Motor Company and Kia Corporation which are the Group’s affiliates, and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

Survey results from initial EV pilot in Singapore found that high costs, lack of charging locations and long waiting times for charging are top barriers hindering Grab driver-partners from adopting EVs. Hence, the enhanced partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, and EV financing. Both parties will also develop a joint EV roadmap to accelerate adoption in Southeast Asia. The pilot programs will start in 2021, beginning in Singapore, and expand to Indonesia and Vietnam.

As part of the roadmap development, the two parties will also conduct an EV feasibility study. The intent is to gain a deeper understanding into the gaps and barriers to wider EV ownership and adoption, then translating the findings from the study into practical ways to further develop the EV ecosystem. These insights will provide governments and ecosystem partners with ideas and best practices on how EV policies can be shaped to better address the day-to-day operational routines of ride-hailing drivers and delivery-partners. This comes at a critical time as last-mile logistics and deliveries continue to experience unprecedented growth, and EVs can play a huge role in reducing carbon emissions from vehicles.

In addition, in line with Hyundai Motor Group’s latest future strategy, both parties will explore collaboration in new business opportunities and technologies such as smart city solutions.

“Hyundai Motor Group and Grab were able to discover the possibility of EV businesses in Southeast Asia through our cooperation from 2018,” said Minsung Kim, Vice President of the Innovation Division at Hyundai Motor Group. “With Grab having the largest driver network in the region and Hyundai’s comprehensive mobility solutions, we are confident that together we can help to increase the adoption of EVs and ultimately reduce carbon emissions throughout the region. Beyond its on-going projects, the Group expects additional cooperation with Grab to be a key driver to lead the mobility market of the future in Southeast Asia.”

Russell Cohen, Group Managing Director of Operations, Grab, said: “While EVs are relatively nascent in Southeast Asia, Grab plans to play a vital role in working with partners and governments to accelerate EV adoption. As government EV policies and incentives are implemented and essential infrastructure like charging stations continue to be built, this partnership will provide insights and best practices on the usage of EVs as part of the day-to-day operations of driver and delivery-partners. For example, we’ve piloted ways to reduce driver-partners’ downtime by enabling them to swap their e-moped batteries at GrabKitchen while they wait to collect food orders. Successful EV adoption is a multi-stakeholder effort, particularly in Southeast Asia, and we’ll continue to leverage our technology and operational leadership to build a fleet for the future.”

 

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Hexagon Smart Manufacturing Innovation Centre Opens In Singapore

Hexagon Smart Manufacturing Innovation Centre Opens In Singapore

Hexagon’s Manufacturing Intelligence division has opened the doors of its new Smart Manufacturing Innovation Centre in Singapore  – fitted with a wide array of advanced hardware and software technologies aimed at enabling an autonomous future.

Hexagon’s flagship facility in Southeast Asia will showcase an unparalleled portfolio of smart digital manufacturing technologies and autonomous connected ecosystems. This includes Hexagon’s latest advanced Computer Aided Engineering (CAE) solutions for design engineering; Computer Aided Manufacturing (CAM) software for production applications; precision metrology, superior sensors, automation, Artificial Intelligence (AI), machine learning, data management and analytics solutions.

The centre, currently resourced with more than two dozen people, is committed to strengthening and accelerating the development of smart manufacturing and autonomous solutions by improving design quality and production efficiencies.

Lim Boon Choon, President for Hexagon’s Manufacturing Intelligence division, Korea, ASEAN, Pacific, and India said that, “This centre marks our on-going drive to bring Hexagon’s smart solutions into this region for the benefit of businesses here. It offers an environment for innovators, design engineers and manufacturers to test proof their inventions for quality, safety and productivity with access to our latest offerings which are a part of Hexagon’s Smart Solution portfolio.

“We are the only provider in the world with the end-to-end connected capabilities – from design, production, quality assurance, data analysis, digital twin, shop floor connectivity, to Artificial Intelligence and machine learning.

“Hexagon’s Smart Manufacturing Innovation Centre allows us to move closer towards creating an autonomous future where business, industry and humanity sustainably thrive,” enthused Lim.

He hinted at exciting updates on the horizon. “More of Hexagon’s revolutionary smart technologies including the latest advanced non-contact sensors fitted on-machine, on coordinate measuring machines (CMM) as well as on Laser Trackers, to elevate quality and precision to the highest level possible will soon be featured at the centre. This is a pioneering achievement, one that the industry has not seen to-date.”

Meanwhile, Paolo Guglielmini, President of Hexagon’s Manufacturing Intelligence division said, “As a global leader of advanced technologies and smart manufacturing, Singapore is a strategic location for Hexagon’s innovation centre in the ASEAN region.”

Industry research points to a shifting tide towards autonomous smart manufacturing in the next five years in Southeast Asia, especially with many industries and governments pushing for digitalisation.

The region has also seen the rapid rise of new innovations and start-ups and unfolding of 5G technologies which are expected to spur the growth of many industries from electronics to semiconductors, medical technology, eMobility, clean energy and more.

Lim highlighted that the aerospace, automotive, electronics, medical technology as well as energy industries would stand to especially benefit from this facility.

The new Innovation Centre offers design and production engineers the very best environment to learn, experiment, interact, and facilitate deeper learning and knowledge transfer in areas such as reverse engineering, additive manufacturing, shop-floor automated inspection and digitalisation of operations.

Solutions at the Hexagon’s Smart Manufacturing Innovation Centre include:

  • Advanced CAE solutions for design engineering, for simulation such as Cradle and [virtual manufacturing / manufacturing process simulation] tools such as the Simufact portfolio
  • CAM software for production solutions like NCSIMUL and VISI Reverse
  • Asset management and connected shopfloor digital solutions like SFx Asset Management,
  • Quality analysis solutions such as Q-DAS, VGSTUDIO Max and Laser Trackers
  • Statistical Process Control to collect data for analytics.

 

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Evonik’s Research Hub In Singapore Launches New Line Of Photopolymers For 3D Printing

Evonik’s Research Hub In Singapore Launches New Line Of Photopolymers For 3D Printing

Evonik has developed two photopolymers for industrial 3D printing applications and introduces them under the brand names INFINAM TI 3100 L and INFINAM ST 6100 L. The two ready-to-use materials were conceptualised and invented in Evonik’s research hub in Singapore. They mark the start of a new product line of polymer resins suitable for use in common VAT polymerisation technologies such as SLA or DLP.

“With the new product line, we are entering the market-relevant photopolymer technology stream, strengthening our long-term market position as materials experts for all major polymer-based 3D printing technologies,” says Dr. Dominic Störkle, head of the Additive Manufacturing Innovation Growth Field at Evonik. “With the new ready-to-use formulations, we are also continuing our materials campaign and driving industrial-scale 3D printing as manufacturing technology along the entire value chain.”

Starting signal for a new photopolymer product line

The first high-performance material from Evonik’s photopolymer product family leads to high toughness and impact-resistant 3D parts. The combination of properties makes INFINAM TI 3100 L the new standard for additive manufacturing of industrial components using VAT polymerisation technologies such as SLA and DLP. The impact resistance measured on printed components is 30 J/m3 with a high elongation at break of 120 percent. The new material can therefore withstand strong impact or permanent mechanical effects such as pressing or impact. The range of possible applications extends from industrial to automotive parts and individual applications in the consumer goods sector, which, in addition to design-free forms, require strong mechanical loads in object use.

The second formulation is setting-up a new benchmark in high strength photo-resin category with a combined tensile strength of 89 MPa, flexural stress of 145 MPa and HDT of 120 deg C, which fills the material gap in ultra-high strength photopolymers. These special material properties make INFINAM ST 6100 L the material of choice for applications which need high temperature resistance combined with high mechanical strength.

 

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Hyundai Motor And Singtel Collaborate To Advance Singapore’s Smart Mobility Ecosystem And Industry 4.0 Journey

Hyundai Motor And Singtel Collaborate To Advance Singapore’s Smart Mobility Ecosystem And Industry 4.0 Journey

Hyundai Motor Company and Singtel has signed a Memorandum of Understanding (MOU) to collaborate on a range of ventures to support smart manufacturing, connectivity for electric vehicle battery subscription service. The MOU follows Hyundai Motor Group’s announcement in October 2020 that it is setting up a new state-of-the-art Hyundai Motor Group Innovation Centre Singapore (HMGICS) to conduct studies on future mobility and explore innovative solutions, services and disruptive technologies to revolutionise commuters’ transport experience.

Hyundai Motor will combine its expertise in developing innovative automotive and manufacturing solutions with Singtel’s capabilities in 5G, Internet of Things (IoT), and next generation info-communications technologies and solutions to develop Industry 4.0 advanced digital solutions to   transform the way vehicles are currently manufactured. The parties will develop and pilot a 5G-enabled smart factory use case for HMGICS’ intelligent manufacturing platform, and potentially scaling it up for deployment across Hyundai’s manufacturing plants globally.

“Hyundai is delighted to work with Singtel, implementing next-generation communication solutions that will enhance mobility experiences for our customers,” said Hong Bum Jung, Senior Vice President of HMGICS at Hyundai Motor Company. “We also hope to explore future innovative solutions and business opportunities with Singtel to help realise Singapore’s Smart Nation vision.”

Hyundai and Singtel will also work together on an IoT communications solution for the batteries powering Hyundai’s electric vehicles (EVs) in Singapore. The IoT system enables Hyundai to monitor the telemetry, or automatic data transmission, of the batteries’ real-time status and performance. The data-driven insights can enhance the EVs’ reliability, advancing Singapore’s EV ecosystem and Smart Nation vision of connected and sustainable mobility solutions.

Andrew Lim, Managing Director, Government and Large Enterprise, Group Enterprise at Singtel said, “Our collaboration with Hyundai Motor is timely given the Singapore Government’s decision to phase out internal combustion engine vehicles by 2040 and the recent Budget announcement on new policies to encourage more Singaporeans to switch to driving electric vehicles. By pushing the boundaries of what is possible with 5G, IoT and other advanced technologies, we also want to build up Singapore’s smart manufacturing and Industry 4.0 capabilities and strengthen its innovation ecosystem.”

 

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Hyundai $400 Million Innovation Center In Singapore To Revolutionise The Future Of Mobility

Hyundai $400 Million Innovation Center In Singapore To Revolutionise The Future Of Mobility

Hyundai Motor Group (the Group) is opening a $400 million Hyundai Motor Group Innovation Center in Singapore (HMGICS) set to be completed by the end of 2022. Located at the Jurong Innovation District, the 28,000 m2 center will act as an open innovation lab for the Group’s future mobility research and development, with the aim of revolutionising the future mobility value chain.

“HMGICS is a major step forward for Hyundai Motor. The facility is the first of its kind in the world. It will pave the way for more Korean companies to invest here, partner with local suppliers and SMEs, and collaborate with our universities and research institutes,” said Singapore Prime Minister Lee Hsien Loong.

“Singapore’s goal is to have all our vehicles run on cleaner energy by 2040, in line with our Paris Agreement commitments. We hope this will open up new growth areas for our economy, and create exciting jobs for Singaporeans,” he continued.

“Hyundai Motor Group Innovation Center in Singapore will strive for ‘Human-Centered Value Chain Innovation for a Mobility Paradigm Shift.’ We will offer products and services tailored to customers’ needs,” said Hyundai Motor Group Executive Vice Chairman Euisun Chung. “I am confident the innovations that spring from HMGICS will shape our future global society for the better and       contribute to the progress of humanity.”

In future, customers will be able to customise and purchase vehicles online using a smartphone, which will immediately start production using Hyundai’s on-demand technology. The customers can then watch their car being manufactured at HMGICS. Once the car is ready for delivery, it will be transferred to the 620-meter-long Sky Track where customer can test drive the vehicle.

The center will also act as a test bed for a human-centered intelligent manufacturing platform with small scale EV production facility on site. The facility will utilise the latest ‘Industry 4.0’ smart technologies, such as artificial intelligence (AI), Internet of Things (IoT) and robotics. The logistics and assembly lines within HMGICS will be highly automated to establish a safe and efficient work environment. The Group will also test versatile systems that produce multiple models, to respond efficiently to fast changing market environments.

The collaboration will go beyond the Group and into the Singaporean innovation ecosystem. Singaporean universities, startups and research institutes, including Nanyang Technological University, Singapore – the first local academic research partner – will be able to collaborate through the open innovation lab.

“Hyundai is a strategic partner in our effort to address future mobility needs through innovation and advanced manufacturing technologies. The Hyundai Motor Group Innovation Centre will introduce important new capabilities in areas such as electric vehicles and urban air mobility, and create new opportunities for Singaporeans. This will complement the vibrant base of companies that are involved in the development of autonomous driving and electrification technologies,” said Dr. Beh Swan Gin, Chairman, Singapore Economic Development Board (EDB).

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Growth Opportunities In Singapore’s Precision Engineering Sector

Growth Opportunities In Singapore’s Precision Engineering Sector

Despite the ongoing pandemic, Singapore’s Precision Engineering (PE) Sector has offered close to 1,500 job opportunities from more than 270 companies since April this year, according to the Ministry of Manpower (MOM).

The PE industry is an integral part of the global manufacturing economy. It supplies critical products and expertise to manufacture complex components and equipment used in industries such as semi-conductors, medical technology, marine, offshore and aerospace. In Singapore, the PE industry employs more than a fifth of the 473,000 workers in the manufacturing sector and contributed approximately $38 billion in total output in 2019.

Furthermore, the industry continues to see pockets of growth—the PE cluster grew 11.4 percent in the period January to July 2020 compared to the same period last year. Companies which performed better includes the Medical Technology and Semiconductor sectors which saw an increase in demand of COVID-19 related products like ventilators; companies that supply machinery and systems as well as precision modules and components that make up tech appliances to facilitate remote working; companies that provide digital solutions.

The government will also be enhancing its Scale-up SG scheme with funding raised from 70 to 80 percent until September 2021. The scheme which was launched in July 2019 has helped 42 businesses develop and execute growth plans and aims to help another 50 companies in the next two years.

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Hyundai To Manufacture EVs In Singapore From 2022

Hyundai To Manufacture EVs In Singapore From 2022

Hyundai Motor has announced that it plans to manufacture its electric vehicles (EVs) in Singapore, starting in 2022, according to Straits Times. As such, the auto maker will be setting up a 28,000 square metre plant in Singapore with construction to begin in October.

The new plant will have the capacity to manufacture 30,000 EVs a year, with as many as 6000 cars sold in Singapore, and the new facility will create hundreds of jobs for the city. An electric compact crossover based on the IONIQ EV range is speculated to be the first vehicle produced at the plant.

Earlier this year in April, the automaker has announced that they will be establishing a Smart Mobility Innovation Center to accelerate its innovation efforts and transformation into a smart mobility solution provider.

This is in line with Singapore’s initiatives to boost the city’s EV market which includes expansion of charging infrastructure by 2030 and the goal to eliminate combustion engines from 2040.

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5 Reasons Why You Need Collaborative Automation For Today’s World

5 Reasons Why You Need Collaborative Automation For Today’s World

The benefits of collaborative automation are undisputed – more profitability, productivity, flexibility, higher quality and even more employee satisfaction. Given the current economic landscape, manufacturers need these advantages now more than ever. Collaborative robots (cobots) are a proven, valuable and accessible solution for manufacturers of any size. The following are the reasons why one should increase automation in their factory.

  1. Cobots ease labour shortages

The top challenge manufacturers face is the gap between the demand and availability of workers. Unfortunately, the labour shortages will only get worse in the coming years. Research from Deloitte and The Manufacturing Institute found that over the next 10 years starting from 2020, manufacturers will need to add approximately 4.6 million manufacturing jobs – 2.4 of which may go unfilled.

Cobots can help ease the burden by filling the labour gaps. Cobots can be programmed, operated and maintained by existing employees, regardless of the team’s previous robotics or automation experience. By providing manufacturers with an easy way to automate the dirty, dangerous, dull and repetitive jobs, organisations can shift existing employees to new and more valuable roles, which increases employee satisfaction and builds morale and loyalty. Extensive automation can ease recruitment and retention by creating new technical roles with better pay, opportunities and working conditions.

  1. Accessible and flexible

Unlike costly industrial robots, cobots are affordable, versatile and easy to integrate into work processes without the need for major renovations or costly installation projects. Cobots can make companies of any size – and in any location – competitive by providing the flexibility they need to compete, grow and profit in any economic climate. Collaborative automation equips organisations to easily to scale up or down, increase productivity in warehouses and expand into new markets more quickly.

  1. Financial competitive advantage

In addition to labour shortages, today’s manufacturers face intense economic and political uncertainty. Adding to the complexity, today’s consumers increasingly demand higher quality products and real-time availability – at lower costs. These pressures make running a profitable production line more challenging than ever before.

Financially, collaborative automation has a direct impact on profits. Further, cobots play an important role in improving product quality by reducing human error commonly associated with dull, repetitive and dangerous tasks, ensuring consistency and accuracy, and enhancing the ability to create more complex goods – which satisfies customer demand for higher-quality goods at lower costs. At the same time, with the right configuration, a cobot can produce finished goods at a much faster rate than handcrafting or assembly lines.

  1. An affordable option

Few would argue with the benefits of collaborative automation. A small and mid-sized manufacturer might have doubts to afford a solution with all the pressures facing in their factory and the looming economic uncertainty.

UR Financial Services offers a fast and low-risk model to maximise productivity, profitability and ROI without a significant cash outlay. Through a partnership with DLL, we offer flexible payment plans that accommodate cash flow, seasonal fluctuations and shifts in capacity, so you can focus on growing and running your business. This programme provides the ultimate financial flexibility.

  1. Financially supported by Government in Singapore

Singapore companies especially SMEs who have a tight budget and cash flows can grow their businesses and solidify their foundations with the EDG grant in Singapore. The Enterprise Development Grant (EDG) supports companies’ usage of automation and technology which results in tangible benefits and significant growth.

While it is difficult to predict the future, it is plausible that this is just the start of the process for collaborative robots. In the long run, with a rapid increase in automation capabilities, cobots will become the powerful workhorses of the factory. This is the perfect time to deploy cobots in your industry and stay ahead of competitors

Article by Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots

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ASEAN Aerospace And MRO Industry In The Wake Of COVID-19

ASEAN Aerospace And MRO Industry In The Wake Of COVID-19

The COVID-19 pandemic has an unprecedented adverse impact on the aviation industry and, consequently, on the MRO business, without clear visibility on the timing of its recovery, according to Singapore-based SIA Engineering Co. Ltd. Border controls imposed by countries worldwide and the precipitous decline in travel demand has forced drastic cuts in flight capacities and grounding of aircraft.

In response to the worsening crisis, the International Air Transport Association (IATA) is projecting a more realistic U-shaped recovery for the air travel industry, with domestic travel coming back faster than the international market. 

Many expect that because of the impact of the pandemic, activity in the commercial aerospace market will take several years to return to the levels seen just a few months ago. Some players in the aerospace manufacturing industry, including Boeing and Rolls-Royce, have even announced workforce reduction and production cuts.

However, Boeing is seeing some green shoots. Some customers are reporting that reservations are outpacing cancellations on their flights for the first time since the pandemic started, while some countries and U.S. states are starting cautiously to open their economies again.

  • Boeing, in fact, has resumed production of the 737 MAX at the company’s Renton, Washington factory.
  • On 14 April 2020, IATA released an updated analysis showing that the COVID-19 crisis will see global airline passenger revenues drop by US$314 billion in 2020, a 55 percent decline compared to 2019. Airlines in Asia Pacific will see the largest revenue drop of US$113 billion in 2020 compared to 2019 (-US$88 billion in 24 March estimate), and a 50 percent fall in passenger demand in 2020 compared to 2019 (-37 percent in 24 March estimate).

According to Oliver Wyman:

  • As of late April, over 65 percent of the pre-COVID fleet of 27,500 commercial aircraft have been parked
  • The current trajectory for fleet reductions and lower aircraft utilisation would reduce global MRO demand in 2020 by over $48 billion, or 53 percent

Here’s an update of what has been happening in ASEAN’s aerospace and MRO industry amid the ongoing COVID-19 pandemic.

Indonesia

  • Indonesia’s national airline, Garuda Indonesia, has resumed domestic flights starting May 7, 2020.
  • PT Garuda Maintenance Facilities (GMF) AeroAsia expects to see increasing demand for MRO services from non-affiliated international airlines and has projected an 80 percent y-o-y increase for MRO services, from 71 percent in 2019

Philippines

  • AirAsia is set to gradually resume services in the Philippines on June 5, 2020, following the Philippine government’s directive of easing community quarantine restrictions in Metro Manila and several parts of the country. The resumption of services will initially be for key domestic routes, and will gradually increase to include international destinations by July 1.
  • Air Carriers Association of the Philippines (ACAP), comprising: Philippine Airlines, Cebu Pacific and AirAsia Philippines, sees the industry shrinking in the next two years. The association has requested government assistance, including waiver of airport charges and credit guarantees
  • Infrastructure projects still ongoing: Lufthansa Technik and Metrojet Engineering

Thailand

  • Airbus withdraws from MRO joint venture with Thai Airways
  • Thai Airways has filed for bankruptcy protection to rehabilitate business (to restructure under the supervision of the local bankruptcy court). Will not resume its international flight operations until 30 June.
  • The proposed MRO project at the U-Tapao Airport will proceed as planned despite Thai Airways International (THAI) entering bankruptcy. The THB11 billion project has already been approved by the Cabinet and a contract is expected to be signed in June. (The Nation Thailand)

Singapore

85 percent of the Singapore industry is involved in maintaining and repairing aircraft. Singapore also plays a small but critical role in the global aerospace supply chain, with its SMEs having a key role in MRO and manufacturing—supporting special processes, tooling, testing, logistics, manpower, and other services. (Association of Aerospace Industries Singapore)

  • SIA has announced that it will resume flights to 27 destinations and increase no. flights for other services in June & July
  • Government has set aside S$750 million of support for the aviation sector and consolidation is expected to happen over the next 12 to 18 months.
  • Collins Aerospace, which just opened a 10,000 sq ft innovation hub in Singapore, is “monitoring the evolving market conditions very closely”. 
  • Rolls-Royce has scaled down its operations in its facility which tests Trent aero engines (Channel News Asia)
  • ST Engineering 
    • expects a slowdown in its aerospace unit due to deferred MRO services and lowered original equipment production rates 
    • however, the company has secured about $838 million across its spectrum of aviation manufacturing and MRO businesses
      • The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from Chinese airlines, and a component Maintenance-By-the-Hour (MBHTM) contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400. 
    • The Group is discussing with its customers to adjust delivery schedules or address order cancellations due to the evolving crisis. As at the end of 1Q, the Group’s order book remains robust.
  • BOC Aviation, a company involved in aircraft sales and leasing has extended its Engine MRO contract with Lufthansa Technik for another five years.
  • Through the enhanced Jobs Support Scheme (JSS), companies such as ST Engineering and SIA Engineering Company (SIAEC) will receive millions in additional wage support to cushion the devastating blow that COVID-19 has dealt the aerospace industry. (The Business Times)

Vietnam:

  • Suspended all international and most domestic flights in March and April in an effort to curb the spread of the coronavirus, domestic flights have resumed since April 22, after the government lifted a lockdown order, while international flights are expected to partially resume from June 1.
  • Will not consider applications for new airlines as it looks to prioritise the recovery of its aviation sector after the impact of the novel coronavirus, according to the Civil Aviation Authority of Vietnam (CAAV). (Bangkok Post)

 

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