Aviation sector to receive more state support businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
The Civil Aviation Authority of Singapore said the new support measures are critical to reviving Singapore s air hub. - ST
SINGAPORE (The Straits Times/ANN): The aviation sector here will receive additional government support to the tune of s$84 million, as continued recovery from the Covid-19 pandemic is expected to be slow.
This further financial support will help the industry deal with increased operational costs and training schemes, as well as with investment in productivity.
The Civil Aviation Authority of Singapore (CAAS) said in a statement on Tuesday (Dec 29) that the new support measures are critical to reviving Singapore s air hub and preparing it for the recovery of air travel.
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Government to provide additional S$84 million to aviation sector amid COVID-19 pandemic
A general view of Changi Airport in Singapore on Oct 12, 2020. (File photo: Reuters/Edgar Su)
29 Dec 2020 09:28PM) Share this content
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SINGAPORE: The Government will provide an additional S$84 million to the aviation sector to cushion the blow of the COVID-19 pandemic on workers and businesses, the Civil Aviation Authority of Singapore (CAAS) said on Tuesday (Dec 29).
This is on top of the S$112 million Aviation Sector Assistance Package, announced in February, and the S$187 million Enhanced Aviation Support Package, announced in August.
SINGAPORE - The aviation sector here will receive additional government support to the tune of $84 million, as continued recovery from the Covid-19 pandemic is expected to be slow.
This further financial support will help the industry deal with increased operational costs and training schemes, as well as with investment in productivity.
The Civil Aviation Authority of Singapore (CAAS) said in a statement on Tuesday (Dec 29) that the new support measures are critical to reviving Singapore s air hub and preparing it for the recovery of air travel. Given ongoing border restrictions and the resurgence of Covid-19 in many countries over winter, air travel will not recover soon.