News
AVIATION | Staff Reporter, Singapore
view(s)

Hong Kong's airport dominance under threat 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 Hong Kong 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 117b baht ($3.b) of upgrades through 2021 including a third runway. South Korea’s Incheon International Airport is spending 5 trillion won (US$4.b) on a second terminal as it aims to become “the world’s leading mega-hub airport.

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$141.5b(US$18b).

Read more here.

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.