18
Thursday
October 2018
8:45 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
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.


Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
RBI springs surprise, keeps interest rates unchanged
IndiGo announces flights to Male, Phuket
Salaries in India may rise 10% in 2019, highest in Apac:Study
Govt to finalise Air India revival package in 10-15 days, says Choubey
Apple chief says firm guards data privacy in China
Govt plans Bharat-22 ETF listing on an overseas exchange
Sun Pharma expects normalisation of India biz in FY'19
Innovations for festive sales help build capabilities for future, says Flipkart
Cabinet Gives Nod to New Telecom Policy to Create 40 Lakh Jobs
Cabinet okays Rs 4,500 crore package to sugar industry
Instagram departures hit Facebook shares
Sensex ends in red after 1,000-pt flash crash
OYO to hire over 2,000 tech experts, engineers by 2020
Sensex recovers over 100 points on value-buying, global cues
Deepak Kapoor Appointed the new Chairperson of Save the Children
KERALA NEWS
Vijayan urges UAE Keralites to back salary challenge
 (Abu Dhabi, Oct 18, 2018): Kerala Chief Minister Pinarayi Vijayan has urged Keralite business  
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
INTERNATIONAL NEWS
Sri Lankan President assured of "fullest cooperation" by PM Modi
 (Colombo, Oct 18, 2018): Sri Lankan President Maithripala Sirisena said he was assured of "fu
VP Naidu arrives in Brussels for 12th ASEM Summit
In Turkey, Pompeo discusses Iranian oil consumption, Khashoggi's disappearance
Trump calls Stormy Daniels a 'Horseface'
NATIONAL NEWS
PNB Scam: ED seizes more assets of Modi, Choksi
 (Mumbai, Oct 18, 2018): The Enforcement Directorate (ED) on Wednesday further seized and atta
Andhra CM visits cyclone-hit areas in Srikakulam
#MeToo fallout: MJ Akbar resigns as minister of state for external affairs
Polling underway for last phase of municipal polls in J-K
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.