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27-07-2017, 01:04 PM
Singapore and Hong Kong's Airport Dominance Is Under Threat
By Angus Whitley and Kyunghee Park
July 27, 2017, 5:00 AM GMT+8
For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travelers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo.
About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre for Aviation estimates. In Beijing, a new $12.9 billion airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs. Bangkok’s Suvarnabhumi Airport is set for 117 billion baht ($3.5 billion) of upgrades through 2021 including a third runway. South Korea’s Incheon International Airport is spending 5 trillion won ($4.5 billion) on a second terminal as it aims to become “the world’s leading mega-hub airport.”
As part of efforts to keep up, Singapore’s Changi Airport this month unveiled a S$1.3 billion ($950 million) fourth terminal. Hong Kong, meanwhile, plans to fill in part of the South China Sea to make room for a third runway — at a cost of HK$141.5 billion ($18 billion).
More details in https://www.bloomberg.com/news/articles/...der-threat
By Angus Whitley and Kyunghee Park
July 27, 2017, 5:00 AM GMT+8
For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travelers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo.
About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre for Aviation estimates. In Beijing, a new $12.9 billion airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs. Bangkok’s Suvarnabhumi Airport is set for 117 billion baht ($3.5 billion) of upgrades through 2021 including a third runway. South Korea’s Incheon International Airport is spending 5 trillion won ($4.5 billion) on a second terminal as it aims to become “the world’s leading mega-hub airport.”
As part of efforts to keep up, Singapore’s Changi Airport this month unveiled a S$1.3 billion ($950 million) fourth terminal. Hong Kong, meanwhile, plans to fill in part of the South China Sea to make room for a third runway — at a cost of HK$141.5 billion ($18 billion).
More details in https://www.bloomberg.com/news/articles/...der-threat
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