Stable cargo and record passengers for Changi
Singapore Changi Airport registered a strong performance in 2013 to set new benchmarks for passenger traffic and aircraft movements while cargo movements remained stable.
March 6, 2014
Singapore Changi Airport registered a strong performance in 2013 to set new benchmarks for passenger traffic and aircraft movements while cargo movements remained stable. Overall the airport handled 1.85 million tonnes of freight for the year, up 0.8 per cent over 2012 as stronger imports outweighed slower exports and transhipment volumes. There were also some bright spots in niche cargo segments such as perishables and pharmaceuticals which continued to grow in 2013.
“The recovery of the global airfreight industry remains fragile and potential growth in cargo volumes, if any, will be amidst a challenging environment as global consumer demand and cargo yields continue to remain depressed,” the airport’s operator Changi Airport Group (CAG) said.
In light of this CAG said it will continue to extend support to its air cargo partners through the Changi Airport Growth Initiative for the financial year ending 31 March 2015 (FY14/15). All scheduled freighter flights at Changi Airport will enjoy a 50 per cent landing fee rebate and cargo tenants leasing CAG cargo facilities at the Changi Airfreight Centre will enjoy rebates based on cargo tonnage handled, up to 20 per cent of their rentals.
Together with other growth incentives available to freighter airlines, CAG’s support package for the cargo industry will amount to S$18 million (US$14.2 million) for FY14/15.