Singapore's Changi Airport will be corporatised by July 2009. It
will be split into two entities - a regulatory arm and a new
airport company.
The regulatory arm will oversee functions such as air traffic
services, air services negotiations, safety, customer service and
economic regulations.
The airport company will undertake the operational functions of
managing Changi Airport, running its emergency services as well as
operations and investments in foreign airports. It will be a wholly
owned subsidiary of Temasek Holdings.
Mr Liew Mun Leong, chairman of the Civil Aviation Authority of
Singapore, will helm the new airport company.
The Transport Ministry said on Tuesday that corporatisation will
make Changi Airport more innovative and nimble.
The corporatised entity will have greater wage flexibility to
attract and retain talent, which would make Singapore a more
competitive air hub.
