Singapore is the No.1 center in Asia for aerospace maintenance, repair and overhaul (MRO). This is making Singapore to the place to be for most international air carriers.
Another aspect is that defense spending in Europe and the US is being held back as governments look to rein in spiraling debt levels to cope with the financial costs of their wars in Iraq and Afghanistan. So defense manufacturers are looking to Asia. The Middle East, India and the entire Asia-Pacific region are becoming increasingly important to military suppliers.
Singapore is also world-wide known for never accepting any bribes or being drawn into constrains caused by corruption. Memories of the Barings Bank case where still fresh. The Bank had send their derivatives broker, Nick Leeson, to Singapore after he was denied a broker's license in the United Kingdom because of fraud on his application which lead in the aftermath to the collapse of the bank in London.
ince then Singaporean authorities are careful and despite Asian Aerospace is an international trade fair for the aerospace business Singapore needed to be in control over who the Asian Aerospace is being designed. The exhibition was held in Singapore since 1981 until disagreements between a co-organizer and Singapore Technologies in 2006. The co-organizers, Reed Exhibitions, where forced to relocate in 2007.
From 2008, Reed Exhibitions decided to move Asian Aerospace from Singapore as they did not agree with Singapore's Government for a new 24-hectare permanent exhibition at the site at Changi Airport. Reeds was still negotiating for a new location to gain tools to pressure for the implementation of its demands, Singapore's government took a stance and simply announced its organizing its own Singapore Air-show from 2008 in the absence of Asian Aerospace.