THE development of Seletar Aerospace Park will proceed as planned despite the slowdown in the aviation industry.
This is because Singapore is confident of the long-term prospects of the aerospace sector, which deals mainly with the maintenance, repair and overhaul (MRO) of aircraft and parts, said Mr S Iswaran, Senior Minister of State for Trade and Industry on Tuesday.
'In spite of the near-term slowdown in the industry, we are committed and determined to proceed with infrastructure works at Seletar and with the extension of the runway,' said Mr Iswaran at the opening of MRO Asia 2008, which has attracted a record turnout of about 2,000 delegates from around the world.
