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Tuesday
June 2018
12:40 AM IST
News Headlines
Dantewada: Goods train derailed, Naxal hands suspected        Never planned to meet Railway Minister Piyush Goyal in Delhi: Kerala CM Pinarayi Vijayan        GST rides on federalism: Narendra Modi        15 Killed, 10 Injured as Tractor-trolley Falls Into Canal in Telangana        Saudi Arabia's ban on women driving ends officially        White House spokesperson Sanders says she was kicked out of restaurant        Germany: Huge explosion rips through apartment building, leaves 25 injured        Hat-trick hero Kane helps England reach knockouts after beating Panama 6-1        Roger Federer loses No.1 spot as Borna Coric stuns him in Halle Open final        Federer beats Kudla to reach 12th Halle final        Hockey: Clinical India crush Pakistan 4-0 in CT opener        Infosys stable and on verge of something momentous: Nilekani        Boko Haram raid kills five in Nigeria: residents        Musharraf says he has not quit politics        AP will be torn apart if 'monkey gangs' come to power: CM        Congress neglected development of cities: PM        BJP will not allow Kashmir to get disintegrated from India: Shah        Wary of hacks, World Cup teams get serious on cybersecurity        You pass YoYo test, you play for India, says Shastri, Kohli endorses        Prof Debashis Chatterjee assumes charge as Director of IIM-K        
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Business News
IATA chief warns about rising cost of airport expansion
 
Singapore, Feb 5 (AFP) The "skyrocketing" costs of expanding airport infrastructure must be controlled to keep flight tickets affordable, the boss of airline industry group IATA warned today.

Alexandre de Juniac called for more modest developments to keep construction costs down and avoid landing customers with higher prices which would hit demand.

De Juniac cited the proposed 14 billion pound (USD 19.8 billion) cost of a third runway at London's Heathrow Airport and the construction of a fifth terminal at Changi Airport in Singapore as prime examples of vastly expensive projects.

"The cost of infrastructure is skyrocketing," he told reporters ahead of the Singapore Airshow this week.

"When we look at the numbers of Heathrow for the third runway, we are very, very, very worried. Even the numbers for T5 in Singapore are very high," he added, without disclosing a figure for Changi Airport's expansion.

The city-state's plans for its hub airport include a new development due to open next year featuring a 40 metre high indoor waterfall, and a fifth terminal slated for 2030.

"We would like for instance to avoid big projects in which we see overruns because the architecture is fantastic, wonderful but it's very costly... we have to be more modest," De Juniac said without naming any airport.

Airport construction costs are rising to levels which are too much for airlines to bear, he added.

"Someone will have to pay for that... They will have to put that on the tickets, and then if it's too high it could harm the level of demand," he said.

IATA is working with authorities at Heathrow and Changi to manage costs and called on governments to involve airlines from the beginning of projects.

Heathrow has proposed trimming expansion costs by 2.5 billion pounds with measures such as building a sloping runway and staging construction.

De Juniac said 7.8 billion people are forecast to fly worldwide by 2036 -- with nearly half of passengers flying to, from, or within Asia Pacific -- up from an expected four billion in 2018.

Passenger growth will far outpace development of infrastructure like airports and air traffic control systems, he said.

"I believe that... we are headed for a crisis.

Infrastructure in general is not being built fast enough to meet growing demand," he said.

"All the great plane deals that will be done at this air show will mean nothing if we don't have the capacity to manage the traffic in the air and the airports at each end of the journey.


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Prof Debashis Chatterjee assumes charge as Director of IIM-K
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Taj group acquires Lutyen's Delhi hotel in NDMC auction
Air India set to have 'Maharaja' class seats on international flights
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FCA India launches Jeep Compass variant at Rs 17.53 lakh
RBI releases June '18 issue of monthly bulletin
Walmart expects to close Flipkart deal by the end of 2018
Passenger vehicle sales rise 20% in May
Cabinet approves bailout package for sugar industry
India to enter top 10 OTT video markets in 4 years: PwC
Kochhar on annual leave, not forced one: ICICI Bank
In AirAsia Case, CBI To Probe Role Of 2 Former Ministers
London police seize bitcoin worth $667,000 from hacker
PNB fraud: ED files charge sheet against Nirav Modi, associates
Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Saudi Arabia's ban on women driving ends officially
 (Riyadh, June 24, 2018):Saudi women are now officially allowed to get behind the wheel after
White House spokesperson Sanders says she was kicked out of restaurant
Germany: Huge explosion rips through apartment building, leaves 25 injured
Boko Haram raid kills five in Nigeria: residents
NATIONAL NEWS
Dantewada: Goods train derailed, Naxal hands suspected
 (Dantewada, June 24, 2018):Eight coaches and engine of a goods train travelling through Dante
GST rides on federalism: Narendra Modi
15 Killed, 10 Injured as Tractor-trolley Falls Into Canal in Telangana
AP will be torn apart if 'monkey gangs' come to power: CM
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