Singapore and Hong Kong's airport dominance is under threat
For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travellers in Asia to and from the rest of the world. But now, a US$1t 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. In Beijing, a new $12.9b airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs. Bangkok Suvarnabhumi is set for $3.5b of upgrades through 2021. South Korea Incheon International is spending $4.5b on a second terminal as it aims to become “the world’s leading mega-hub airport.” To keep up, Singapore Changi this month unveiled a $950m fourth terminal. Hong Kong, meanwhile, is planning a third runway — at a cost of $18b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-27/general/singapore-and-hong-kongs-airport-dominance-is-under-threat
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Singapore and Hong Kong's airport dominance is under threat
For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travellers in Asia to and from the rest of the world. But now, a US$1t 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. In Beijing, a new $12.9b airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs. Bangkok Suvarnabhumi is set for $3.5b of upgrades through 2021. South Korea Incheon International is spending $4.5b on a second terminal as it aims to become “the world’s leading mega-hub airport.” To keep up, Singapore Changi this month unveiled a $950m fourth terminal. Hong Kong, meanwhile, is planning a third runway — at a cost of $18b. <br/>
