Singapore's airport dominance threatened by upcoming hubs

A US$12.9b airport in Beijing is due to open in 2019.

Bloomberg reported that a US$1t global airport spree is threatening the dominance of Singapore airports.

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 US$12.9b 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 ($3.5b) of upgrades through 2021 including a third runway. South Korea’s Incheon International Airport is spending 5 trillion won ($4.5b) 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 $1.3b (US$950m) fourth terminal.

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