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December 2018
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News Headlines
Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        Rahul tweets pic with Kamal Nath, Scindia as race for CM moves to Bhopal        Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        
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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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INTERNATIONAL NEWS
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NATIONAL NEWS
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