If you need parts for your aircraft, there’s a Singapore company that has your back.
In Singapore, parts manufacturers can buy parts from an online store, often from a local company, that have been ordered by a supplier overseas.
They can then ship the parts to their local factory, who usually takes delivery in about three weeks.
Singaporean company, J.S. Milling, has been the top buyer of parts for the Malaysian Airlines Boeing 777 in the past five years.
“It’s been quite a good partnership.
They’ve given us a great amount of time,” says Marko Kosty, head of aviation sourcing at J.s.
For the past two years, the company has been using Singapore as its supply base.
In May 2017, it purchased 12,000 Boeing 777s worth RM3.8 billion ($42.4 million) from Malaysia.
That was more than double its previous purchases.
The next month, it made another $3.4 billion purchase of 787-9 aircraft from China, bringing its total purchases to about $5 billion, according to the company.
“We see Singapore as a very attractive location,” says Kostyt.
“It’s very flexible and you can go wherever you need to go.
It’s a lot of flexibility.”
Singapore’s government-owned Milling is also an important buyer of aircraft parts from the US.
It bought $1.4bn worth of parts from Boeing for its 777-200s.
The company is also active in Asia.
It buys parts from a Singapore manufacturer of parts, the Air Force, to refurbish aircraft parts in Japan.
The Air Force also buys parts to replace the engines of its F-35 fighter jets.
It also buys spare parts from companies like J. S. Mating and J.J. Miling in Singapore to make parts for its fleet of Boeing 777-300 aircraft.
For a small-business owner, the acquisition of parts is an exciting prospect.
The value of the contract can be as high as $2,000, which is about $100 a piece, according a source at an aviation supplier.
“The fact that it’s done in such a short period of time, it’s such a low cost, it has to be worth it,” says J.M. Moring, who also runs a small aviation supplier business in Singapore.
In terms of quality, JM.
Moring’s suppliers are some of the best in the world, he adds.
It is also a small market.
The average cost of parts in Malaysia is about RM400,000 a piece.
But parts that cost more in Singapore can fetch as much as RM1,500, which gives it an advantage over other countries, like Japan.
“If you look at what they’re selling at, it makes a lot more sense,” says Peter Deutsch, managing director at the consultancy Air Asia Asia Group.
The supply chain for parts in the country has been disrupted in recent years by the closure of factories and an expansion of China’s economy.
But with more and more customers in the market, parts suppliers are increasingly taking on more customers.
“When you get a new customer, you’ve got to try to work with them,” says Deutsch.
“If you’re not, you may not make any money.”
To find out more about the suppliers, check out our Asia section.