JTC Corporation clinches $500m of deals with aerospace firms

New entrants are seeking to establish operations in Seletar Aerospace Park.

JTC Corporation has signed a series of agreements with both international and local aerospace companies to commit a total of $500m new investments in Singapore over the next 5 years, according to a media release.

Amongst these is with GE Aviation, Overhaul Services – Singapore, a joint venture (JV) between GE Aviation and SIA Engineering (SIAEC), who will take up a newly-levelled site at JTC’s Loyang estate to set up an engine overhaul facility.

Following SIAEC’s agreement with France’s Safran Aircraft Engines, it has also considered Changi North estate as a site for its facility for its engines.

Singapore Aero Engine Services (SAESL), a JV between SIAEC and British multinational engineering company Rolls-Royce, is exploring an expansion in JTC’s aerospace enclave in Loyang estate.

New entrants are establishing their operations in Seletar Aerospace Park. This includes Proponent, which will open its 20,000-sqft regional distribution facility, and PPG, which is working with its new 38,750-sqft Application Support Centre (ASC). Both are set to be completed in 2020.

Furthermore, Canada-based Bombardier is planning to bring its largest OEM-owned business maintenance facility in the region at Seletar Aerospace Park, which is expected to open in H2 2020. The centre will offer heavy structural and composite repair capabilities and will more than double the size of its integrated parts depot to close to 10,000 sqft.

Also looking to invest in the aerospace park are Ametek MRO and the recently merged Pattonair and Wesco Aircraft which are planning to move operations in January 2021.