Changi Airport targets 85mn passengers once T4 opens by 2017

Learn why it’s not resting on its laurels just yet.

According to Maybank Kim Eng, Changi Airport looks to expand its passenger-handling capacity to ~85 million passengers by 2017 when Terminal 4 is opened. It is also looking to raise its aircraft handling capacity by ~40% with measures to improve air-traffic management and increase runway availability. These measures will only serve to further enhance Singapore’s capabilities as the region’s top aviation hub and directly benefit gateway solutions operators like SATS.

Here’s more from Maybank:

Our overweight call on the aviation services sector is underpinned by Singapore’s growing reputation as an aviation hub, with aircraft movements at Changi Airport increasing at a CAGR of ~8% over the past five years.

In addition, the airport crossed the 50 million passenger milestone in 2012, which is a laudable feat given that the airport only breached the 40 million barrier two years ago. Robust growth in the North-East Asian and South Asian travel segments drove passenger increases.

Changi Airport is also looking to raise its aircraft handling capacity by ~40% with measures to improve air-traffic management and increase runway availability. These measures will only serve to further enhance Singapore’s capabilities as the region’s top aviation hub and directly benefit gateway solutions operators like SATS.