Singapore Makes a Big Bet on the Future of Air Travel

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Singapore Makes a Big Bet on the Future of Air Travel

Bloomberg06-10

Taking OffJust days after winning a strong mandate in the general election, Prime Minister Lawrence Wong’s government has begun work on the long-delayed mega expansion of Changi Airport.Changi Airport...

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gangan
·06-10
Sat is disappointing. No dividend nth. Say will give but talk is cheap
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- Star in the Sky:
  pls la... Dividend XD on 30 Jul @ SGD 0.035 per share
  06-11
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MultiBaggers
·06-10
Buy SATS (S58)
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No dividend nth. Say will give but talk is cheap&nbsp;","listText":"Sat is disappointing. No dividend nth. Say will give but talk is cheap&nbsp;","text":"Sat is disappointing. No dividend nth. 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When completed in the mid-2030s, it would raise capacity from 90 million to 140 million passengers a year.Expected to cost tens of billions of dollars, it’s a bold bet on a prolonged surge in post-pandemic air travel. Seven of the world’s 10 busiest international routes last year were in Asia Pacific, a region that the International Air Transport Association predicts will capture half of all global passenger demand by 2040.But there are a lot of potential headwinds.“Payback may be delayed” as economic uncertainty, geopolitical tensions and evolving travel patterns slow air traffic growth, said Denise Wong, Asia infrastructure analyst at Bloomberg Intelligence.Put on hold for more than two years during the Covid-19 pandemic, the T5 project doubles down on one of Singapore’s most successful economic pillars.It’s hard to overstate the importance of Changi in Singapore’s growth, economic prosperity and national pride. Winner of the Skytrax world’s best airport 13 times, the aviation hub contributes about 5% to GDP and 200,000 jobs.It includes a glitzy mall with the world’s tallest indoor waterfall, a butterfly garden and a four-story video wall depicting a spectacular cascade of water. There are hundreds of high-end shops and even a nature trail. Young Singaporeans routinely visit the airport just to study or date.Behind the scenes are the mass of logistics, catering, ground handling and aircraft maintenance operations that are key to the airport’s success, including ST Engineering’s vast new maintenance facility for widebody jets that’s due to be completed by the end of next year.Rival Asian cities are also upping their aviation game. Bangkok’s main hub is looking to more than double capacity to 150 million by 2030. Hong Kong is in the middle of a $12.8 billion expansion, and Seoul has just completed work to handle more than 100 million passengers. Next door, Kuala Lumpur is also considering adding new terminals and another runway.Still, it’s hard to replicate Changi’s magic formula. “Singapore’s efficient operations, robust airline partnerships, coordinated government planning, and high service quality could probably underpin its hub status,” said Wong. —Audrey Wan","news_type":1,"symbols_score_info":{"S58.SI":1.1,"S59.SI":1.1,"C6L.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":444666911592640,"gmtCreate":1749598622193,"gmtModify":1749606228827,"authorId":4145577437639082,"author":{"id":4145577437639082,"idStr":"4145577437639082","authorId":4145577437639082,"name":"Star in the Sky","avatar":"https://community-static.tradeup.com/news/37e252252b1b80ac71983f2ee5cfe8fb","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.01","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.11.28","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":0,"objectId":444453487231032,"type":1,"supId":0,"prevId":0,"content":"pls la... Dividend XD on 30 Jul @ SGD 0.035 per share","text":"pls la... Dividend XD on 30 Jul @ SGD 0.035 per share","html":"pls la... Dividend XD on 30 Jul @ SGD 0.035 per share"}],"langContent":"EN"},{"id":444445675103040,"gmtCreate":1749531729468,"gmtModify":1749531733100,"author":{"id":"3554939006845853","authorId":"3554939006845853","name":"MultiBaggers","avatar":"https://static.tigerbbs.com/86270a3d55dc49ab5a1df140d4a7e80d","vip":1,"crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3554939006845853","idStr":"3554939006845853"},"htmlText":"Buy SATS (S58)&nbsp;","listText":"Buy SATS (S58)&nbsp;","text":"Buy SATS (S58)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/444445675103040","repostId":1139111266,"repostType":2,"repost":{"id":"1139111266","kind":"news","pubTimestamp":1749524391,"share":"https://ttm.financial/m/news/1139111266?lang=&edition=fundamental","pubTime":"2025-06-10 10:59","market":"sg","language":"en","title":"Singapore Makes a Big Bet on the Future of Air Travel","url":"https://stock-news.laohu8.com/highlight/detail?id=1139111266","media":"Bloomberg","summary":"Taking OffJust days after winning a strong mandate in the general election, Prime Minister Lawrence Wong’s government has begun work on the long-delayed mega expansion of Changi Airport.Changi Airport","content":"<div>\n<p>Taking OffJust days after winning a strong mandate in the general election, Prime Minister Lawrence Wong’s government has begun work on the long-delayed mega expansion of Changi Airport.Changi Airport...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2025-05-17/singapore-s-changi-airport-terminal-5-is-a-big-bet-on-future-air-travel\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Makes a Big Bet on the Future of Air Travel</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Makes a Big Bet on the Future of Air Travel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-06-10 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2025-05-17/singapore-s-changi-airport-terminal-5-is-a-big-bet-on-future-air-travel><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Taking OffJust days after winning a strong mandate in the general election, Prime Minister Lawrence Wong’s government has begun work on the long-delayed mega expansion of Changi Airport.Changi Airport...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2025-05-17/singapore-s-changi-airport-terminal-5-is-a-big-bet-on-future-air-travel\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C6L.SI":"新加坡航空公司","S58.SI":"新翔集团有限公司","S59.SI":"新航工程"},"source_url":"https://www.bloomberg.com/news/newsletters/2025-05-17/singapore-s-changi-airport-terminal-5-is-a-big-bet-on-future-air-travel","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139111266","content_text":"Taking OffJust days after winning a strong mandate in the general election, Prime Minister Lawrence Wong’s government has begun work on the long-delayed mega expansion of Changi Airport.Changi Airport Group on Wednesday broke ground on Terminal 5, which will be almost as large as all the existing terminals combined. When completed in the mid-2030s, it would raise capacity from 90 million to 140 million passengers a year.Expected to cost tens of billions of dollars, it’s a bold bet on a prolonged surge in post-pandemic air travel. Seven of the world’s 10 busiest international routes last year were in Asia Pacific, a region that the International Air Transport Association predicts will capture half of all global passenger demand by 2040.But there are a lot of potential headwinds.“Payback may be delayed” as economic uncertainty, geopolitical tensions and evolving travel patterns slow air traffic growth, said Denise Wong, Asia infrastructure analyst at Bloomberg Intelligence.Put on hold for more than two years during the Covid-19 pandemic, the T5 project doubles down on one of Singapore’s most successful economic pillars.It’s hard to overstate the importance of Changi in Singapore’s growth, economic prosperity and national pride. Winner of the Skytrax world’s best airport 13 times, the aviation hub contributes about 5% to GDP and 200,000 jobs.It includes a glitzy mall with the world’s tallest indoor waterfall, a butterfly garden and a four-story video wall depicting a spectacular cascade of water. There are hundreds of high-end shops and even a nature trail. Young Singaporeans routinely visit the airport just to study or date.Behind the scenes are the mass of logistics, catering, ground handling and aircraft maintenance operations that are key to the airport’s success, including ST Engineering’s vast new maintenance facility for widebody jets that’s due to be completed by the end of next year.Rival Asian cities are also upping their aviation game. Bangkok’s main hub is looking to more than double capacity to 150 million by 2030. Hong Kong is in the middle of a $12.8 billion expansion, and Seoul has just completed work to handle more than 100 million passengers. Next door, Kuala Lumpur is also considering adding new terminals and another runway.Still, it’s hard to replicate Changi’s magic formula. “Singapore’s efficient operations, robust airline partnerships, coordinated government planning, and high service quality could probably underpin its hub status,” said Wong. —Audrey Wan","news_type":1,"symbols_score_info":{"S58.SI":1.1,"S59.SI":1.1,"C6L.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":13,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}