09 Mar '11, 4am
Over S$50M From Aviation Development Fund Committed: Funding will go towards 3 incentive programmes.
More than half of the S$100 million Aviation Development Fund (ADF) has been allocated since its launch in April 2010. The money will go to 3 incentive programmes, which in turn will support initiatives by local firms to: raise productivity promote innovation grow talent boost the aviation industry’s competitiveness These 3 programmes are the Aviation Partnership Programme , Aviation Innovation Programme and the Aviation Manpower Programme . Sources: "Speech by Mrs Lim Hwee Hua, Minister (Prime Minister’s Office), Second Minister for Finance and Transport, at Ministry of Transport’s Committee of Supply Debate (Air Transport) ", Ministry of Transport News Centre, 8 March 2011 "Over $50m allocated to aviation incentive schemes", The Business Times, 9 March 2011