IATA expects that, in 2035, Singapore will handle about 117 million passengers – 87 per cent of the planned capacity.
The number of air travellers and aviation-related jobs in Singapore could more than double in 20 years, according to a new study by a global airline body. This would increase the industry’s contribution to Singapore’s gross domestic product by the same quantum to an estimated US$65 billion (S$88 billion) in 2035, said the International Air Transport Association (IATA).
Singapore will remain one of the smallest air travel markets in the Asia- Pacific by passenger numbers but its growth will outpace that of several neighbouring markets including Malaysia, Thailand and Hong Kong.
The forecast bodes well for Singapore, which is investing billions in new infrastructure and facilities to prepare for the growth in Asia’s air travel market, industry experts said…