JAKARTA: Singapore, the dominant hub for aircraft maintenance, repair and operations (MRO) in South-East Asia, the world’s fastest-growing aviation market, is under threat from low-cost rivals in nearby Indonesia, Thailand and Malaysia.
As the cheaper challengers look to muscle in on a lucrative market – with annual output of S$8.9bil (US$6.57bil), Singapore accounts for a quarter of all Asia’s MRO business – Singapore-based MRO firms are having to scramble higher up the value chain.
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