The Airports of Thailand have confirmed that work on Phuket International Airport’s THB5.8 billion ($188 million) expansion program, which will double the number of passengers from 6.5 million to 12.5 million per year.
The project will add 10 more aircraft bays, bringing the number to 25, and another four passenger boarding gantries, to a total of 11.
First phase of the expansion, slated to take about a year, will be the building of a new international terminal. Refurbishing the old terminal will follow.
Singapore Changi Airport has implemented measures to ensure the move of low-cost carriers from its “Budget Terminal” to “Terminal 2” goes smoothly, the airport said in a statement.
“With the closure of the Budget Terminal at Singapore Changi Airport on Sept. 25 … airlines currently operating at the terminal—Berjaya Air, Cebu Pacific, Firefly, Mandala Airlines, South East Asian Airlines and Tiger Airways—will move their operations to Terminal 2 on that day,” the statement said.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More