CHANGI Airport's latest development is in the new state-of-the-art Terminal 3, which is built to increase passenger handling capability by up to 22 million. Terminal 3's development included the entire airport structure from landside to screening and airside. The expansion costs around US$1.24 billion.
Changi Airport has positioned itself as the main entry point into South-east facilitating incoming traffic from Europe, Australia, the Middle East and North America. . Apart from this, the airport has also taken advantage of Singapore's strategic location to provide a good transit point for aircraft flying The Kangaroo route, from Australia to Europe as well from North America to Australia.
This route has proven to be very profit able for a number of airlines, and Changi Airport faces direct competition from Bangkok's Suvarnabhumi Airport and Kuala Lumpur International Airport, to The aviation industry in the Asia Pacific region has been enjoying very positive growth in recent years, driven by number of different factors. Include Manufacturing of aircraft parts airlines expansion MRO and airport development.
It is also fair to say that growth in other segments within the aerospace industry could, have a trickle-down effect that will eventually affect the development of airports in Asia Asia-Pacific. In this case, the strongest factor has been the increase in passenger and cargo traffic, which also drives overall growth in the airline industry.
Economic growth of each country further boosts the aviation industry.
The development and expansion of airports have been rampant across the Asia Pacific countries especially in the Thailand Indonesia Australia Malaysia Singapore and the Philippines
Positive economic growth in the Asia-Pacific's aviation industry has seen expansion programmers in major airports such as Singapore's Changi Airport and Diosdado Macapagal International Airport in the Philippines.
Notably, there have been significant up- grade programmers undertaken by Diosdado Macapagal International Airport in the Philippines and Changi Airport in Singapore. Both airports have underlined their vision for the future as being the industry leaders of their region or country, with Changi targeting to become the South-east Asian hub for inbound traffic from Europe and North America, and Diosdado Macapagal positioning itself as the primary airport of the Philippines.
The Asia-Pacific has seen very positive in- crease in passenger and cargo traffic over the past few years. The rising economic standards countries in the Asia-Pacific have driven demand for air travel and logistics, and have resulted congestion, prompting need for upgrades to accommodate more and bigger aircraft. The upgrading in Singapore's Changi and Malaysia's Senai has enlarged the airports' capacity to accommodate both cargo and passenger traffic,
Major aircraft manufacturers have identified point-to-point flying as one of the future trends in commercial aviation supporting low-cost carriers (LCC). Point-to-point commercial flights encourage the growth of more airports, even in smaller cities, as flying be ween cities become more affordable