Frost & Sullivan will host the region's Aerospace & Defense community at two back-to-back events - the 2009 Asia Pacific Aviation Technology CEO Summit and the 2009 Asia Pacific Aerospace & Defense Awards, to be held on Thursday, March 5 in Singapore. Over 150 C-suite, senior industry members from various segments of the aviation, defense and homeland security field are expected to participate at this full-day program.
The Asia Pacific Aviation Technology CEO Summit organised in partnership with the Association of Aerospace Industries (Singapore), or AAIS, will feature in-depth discussions on the market dynamics and technological perspectives of the industry via an exchange of insights and views of the many industry experts assembled at the conference.
During this time, the airline industry will continue to face volatile foreign currencies and hedging strategies," says Subhranshu Sekhar Das, Director-Asia Pacific, Aerospace & Defense Practice at Frost & Sullivan." Despite the financial slowdown, there will be continued demand for economic air travel coupled with good customer service. These fundamentals will not only keep the airline industry thriving but will also prompt the industry to grow at a moderate pace.
"The financial torrent is affecting each and every segment of the aviation industry and today's tough times of change will definitely lay a new foundation for this industry. This summit will provide a perfect platform to discuss the financial climate for the Asia Pacific aviation industry and its changing dynamics for 2009," adds Das.
While 2008 has proven to be testing time for the entire aviation industry, Frost & Sullivan endeavours to provide ideas and analyses on the feasible growth opportunities that are present beneath the layers of uncertainty in today's challenging climate.
This will be the core focus of the summit as Frost & Sullivan shares its CEO 360 Degree Perspective of the Asia Pacific aerospace industry. Other sessions will include comprehensive discussions of the industry's present situation whilst various challenges and issues faced by the industry are thoroughly examined. Practical and apt solutions to mitigate these issues and challenges will be shared with the participating delegates through interactive discussions.
Topics at the summit include emerging technological trends in MRO, technology adoption in the airline industry, cutting edge technology that improves aviation security and the financial strategies in the APAC aviation market. The aim of these sessions is to promote intra-industry interaction and cross learning that maximises the knowledge and experience of all participating delegates.
Amongst renowned thought leaders expected at the summit include Mr. Jeremy Chan, Deputy President, Marketing & Total Aviation Support, ST Aerospace, Mr. Sebastian Groeger, Senior VP & Head of Asean, Jet Aviation and Mr. Randolph Oudemans, Managing Director, Crockett International, amongst others.
The summit will culminate with an awards banquet that will applaud leaders of the aerospace defense and its ancillary industries. The 2009 Asia Pacific Aerospace & Defense Awards will honour close to 30 recipients from the aerospace and defense industry on the whole.
"The AAIS believes that in many circumstances, the recipient of an aerospace award, in its many forms, deserves to be celebrated and to be honored. With its stringent standards, these Aero-companies are setting the pace and benchmark for others to follow, be it in quality or processes," says Dr. Aloysius Tay, Executive Director of AAIS.
Last year at its inaugural banquet, the awards turned heads of the global aviation industry with its star-studded recipient list which included Singapore Airlines, Changi International Airport, Japan Airlines and Hawker Pacific that bagged prestigious titles such as 'Airport of the Year', 'Airline of the Year', 'Widest Route Coverage Airline of the Year' and 'Fixed Based Operator of the Year' respectively.
This year the awards banquet is certainly a much anticipated event for the region's aerospace and defense industry.
The AAIS is the supporting organisation for both the summit and the awards. The initiative is supported by IE Singapore, Singapore Exhibition and Convention Bureau and held in Uniquely Singapore. Aerospace Singapore and Asian Military Review are the supporting media partners and PR Newswire is the official wire for the summit and the awards.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents.