Changi innovates with partners in evolving market

With a still uncertain outlook for the global airfreight sector which has seen Changi Airport’s cargo throughput grow only marginally this year over the same period last year, the air hub remains committed to supporting its airline partners as it pursues new growth opportunities. Michael Mackey reports.

Changi innovates with partners in evolving market

But despite the relatively flat growth the Changi Airport Group (CAG) is “cautiously optimistic” for the rest of the year about its cargo throughput – a view that chimes well with the confidence returning to the industry. For the first eight months of 2014, Changi’s total cargo throughput registered a growth of just 0.7 per cent over the same period in 2013, to 1.22 million tonnes, James Fong, assistant VP, Cargo and Logistics Development, Changi Airport Group told Payload Asia.

These figures are, dare it be said, low compared to the background growth figures of 4.1 per cent, (global airfreight demand) and 4.9 per cent (Asia Pacific Airlines) for the first six months of this year. But it is not a cause for worry – Changi is, despite rising competition, still one of the biggest (13th in 2013 behind Frankfurt and ahead of Amsterdam) and among the best.

Evolving market

“The growth is attributed to an increase in import demands, which outweighed the slower exports and transhipment volumes,” said Fong. Not that it is going to rest on its and indeed the industry’s, laurels. Changi simply does not do that.

“We have observed growth in niche cargo segments and markets such as pharmaceuticals and express cargo and these are opportunities where we will continue to develop with our partners,” said Fong without elaboration.