Incheon airport to become world's 3rd-largest air hub by year-end

Incheon International Airport will become the world's third-largest airport once its fourth phase of development is completed by the end of this year, potentially accommodating over 100m international passengers annually, its operator Incheon International Airport Corp. (IIAC) announced, Wednesday. According to IIAC, the airport’s second passenger terminal (T2) expansion, a seven-year-long 4.8t won ($3.5b) project that started in 2017, is 95.34% complete as of April. In November at its earliest, Incheon International Airport looks forward to holding the “second grand opening” since its establishment in 2001. With the completion of this expansion, the airport will be capable of handling up to 106m passengers annually across its two terminals. This will make it the third-largest airport in the world in terms of passenger throughput, just behind Dubai International Airport and Istanbul Airport. The figure represents a 37.6% increase from the current level of 77m. The development comes amid the expansion of neighboring international air hubs.<br/>