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The Asia-Pacific region must urgently step up investment in infrastructure to meet rapidly increasing demand for air travel, the global airline industry's trade body said October 25. "We are headed for a major infrastructure crisis," said Alexandre de Juniac, head of the International Air Transport Association. He said the 34 million jobs and USD 700 billion (S$952 billion) of economic activity supported by aviation across the Asia-Pacific region are expected to more than double in the next 20 years. The number of passengers is expected to nearly double in the next two decades according to IATA's latest forecasts, with half of that growth expected to be in the Asia-Pacific region, meaning it faces a "difficult challenge" in ensuring the development of adequate infrastructure. While a number of airports have plans in place, de Juniac said others such as Bangkok, Manila and Jakarta are among those that need major upgrades. He also said Chinese air traffic management is struggling to cope with growth, while high costs at India's privatised airports are burdening the industry. Read Original Article |
