Saturday, July 04, 2009

Launch of New CAAS and Changi Airport Group

The new CAAS and Changi Airport Group were launched on 1st July 09 with Minister Mentor, Mr Lee Kuan Yew gracing the launching ceremony.

News of the corporatisation of CAAS, then the regulatory body overseeing the Changi Airport’s operation was first announced 2 to 3 years ago. With the corporatisation, CAAS was split into two bodies: one regulatory governmental arm (the new CAAS) and the other operational private arm ( Changi Airport Group). The corporatisation is to increase the competitiveness of our airports among the booming airport trade.

Our airport ranking has slipped down from the top spot to the 3rd spot, attesting to the strong competitiveness of regional and international airports.
Changi Airport Terminal 4 and 5 are on the cards of Singapore Government. When the 5 airport terminals are up and running, Singapore’s Changi will be transformed into a global airport hub! But I wonder whether these new terminals will be fully utilized?

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