IATA and the Government of Singapore have signed
a memorandum of understanding to facilitate the further growth and
development of IATA’s Regional Office for Asia Pacific, which is
located in Singapore.
The MoU was signed on Thursday by Giovanni
Bisignani, IATA’s Director General and CEO, and Raymond Lim,
Singapore’s Minister for Transport.
“Singapore is IATA’s home in Asia Pacific. From
here we drive programs to support the safe and efficient
development of aviation in the rapidly developing Asia-Pacific
market. The support that we will receive from the Singapore
government under today’s agreement will enhance Singapore’s role
as a regional hub and position IATA well to deliver its leadership
priorities in the region,” said Bisignani.
Regional Office in Singapore employs 80 staff. The office covers a
range of IATA’s work including teams dedicated to industry advocacy, communications and technical issues such as safety,
operations, infrastructure development and security. The Singapore office is also the hub for IATA’s financial systems in the region
which process over $45 billion in settlements annually.
IATA’s presence in Singapore dates to 1969. Its
responsibilities cover the Asia Pacific region from Pakistan and
India in the west, to Japan and South Korea in the north and New
Zealand in the extreme south and east.
IATA also established the Sir William
Hildred and Guenter Eser Aviation Scholarships in cooperation with
Nanyang Technological University (NTU). The scholarships, named
after former IATA Director Generals, will sponsor up to 12
individuals attending the newly developed Executive Master of
Business Administration (MBA) in aviation management at NTU, due
to launch in 2012.
“These scholarships reflect our
commitment to strengthen our Singapore presence and to working
with local institutions to deliver regional leadership. They also
reflect our commitment to developing the next generation of
leaders for the aviation industry,” said Bisignani.
The Sir William Hildred Scholarship will provide tuition and
support for Singaporean students and permanent residents, while
the Gunter Eser Scholarship will provide support for non-Singapore
In September 2010, IATA signed a
cooperation agreement with NTU to work together to support human
capital development for the aviation industry. As a result of this
agreement the two organizations will:
• From September 2011
offer an Advanced Management Program in air transport management
• In 2012 offer an Executive MBA in Aviation management.
These programs will enhance and support Singapore’s
status as IATA’s most important training center in the world in
terms of both the number of students trained and the number of
“Our vision is to make Singapore
the platform for the development of a new generation of aviation
executives leading Asia’s aviation growth. The two scholarships
will have an important role in developing the future leaders of
our industry,” said Bisignani.
The announcements come as 35 global strategic thinkers
associated with the air transport industry gather in Singapore for
IATA’s Vision 2050 initiative on 11-12 February.
was launched at IATA’s Annual General Meeting (AGM) in Berlin,
Germany last June. After a decade dominated by crises, Vision 2050
will use the window of opportunity provided by two consecutive
years of industry profitability (albeit weak) to look ahead to
where the air transport industry should be in four decades and
discuss near term objectives to achieve the vision.
The 35 participants will benefit from the inspirational
leadership of Singapore’s Minister Mentor Lee Kuan Yew and the
competitive expertise of Harvard University’s Professor Michael
Porter. The Vision 2050 results will be reported to IATA’s next
AGM in June 2011.
“This weekend, Singapore will
play a special role in building the future of our industry. We
have a big task ahead of us. By 2050, passenger numbers will grow
from 2.4 billion to 16 billion and the cargo business will expand
from 40 million tonnes to 400 million tonnes. Ensuring that this
growth is successful in meeting the needs of our customers safely,
sustainably and profitably is critical to the global economy.
Singapore is the perfect place for such a discussion. It is
located between two of our fastest growing markets. And the government has a long history of understanding the economic
benefits of aviation and supporting its profitable development,”
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