Changi Airpoot Hike FEES to Welcum 2nd Prince Onboard! KNN!

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Wonder if anyone caught this...
I really don't get it.
On one hand they complain that number of visitors have dropped.
On the other hand, they are making it so much more expensive for visitors to come here.
The warped PAPpy logic astounds me.
I also hate the way they always justify fare increases with the lines "last increased xx years ago" or "has not changed since it was first introduced."
Just because a fare hasn't changed for x number of years doesn't mean you have to change it. Some people actually LOWER prices/fares due to economies of scale or more efficient use of people/technology.
Revisions to Passenger Service and Security Charge
The Civil Aviation Authority of Singapore (CAAS) is revising the Passenger Service Charge (PSC) and Passenger Security Service Charge (PSSC) at Changi Airport with effect from 1 January 2009. The revised charges are as follows:
PSC : The PSC will increase from S$15 to S$20 at Changi Airport's Terminals 1, 2 and 3.
PSSC : The PSSC will increase from S$6 to S$8 at Changi Airport's Terminals 1, 2 and 3.
From 1 November 2008, passengers who purchase air tickets for travel on or after 1 January 2009 will pay the revised charges. The revision in charges by CAAS is necessary as operating costs to be recovered through the PSC and PSSC have risen significantly over the years.
The PSC is a charge collected from passengers to recover costs that are directly related to the provision of passenger services such as terminal buildings' operating and maintenance costs, flight information display systems, trolley retrieval services and baggage handling. The PSSC covers passenger-related security costs such as manpower and operating costs of security equipment.
The increase in the operating costs is attributable to inflation, heightened security measures and various improvements works that have been undertaken to the terminal buildings to enhance passengers’ facilities. The PSC was last increased 15 years ago in January 1994 while the PSSC has not changed since it was first introduced in March 2002.
With the revision, passengers departing from Changi Airport's Terminals 1, 2 and 3 will pay a total of S$28 in PSC and PSSC.
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I don't catch no ball

http://www.trend-news.com/default.asp?newsid=5267





<!-- // MAIN CONTENT // --><TABLE id=middle><TBODY><TR><TD> Asia Pacific / Airports
Temasek to buy Singapore Changi Airport
By Doug Newhouse, 8 October 2008

The much-respected Centre for Asia Pacific Aviation (CAPA) today described the proposed acquisition of Changi Airport by Singapore Government-controlled Temasek as 'the biggest upheaval to Singapore Inc in decades'.

CAPA says that Temasek will acquire Changi Airport and its operating businesses, while the current regulator, owner and manager - the Civil Aviation Authority of Singapore - will be replaced by an as yet unnamed Newco company that will control Changi, and a new Civil Aviation Authority will be created to handle Singapore's national aviation policy, plus its regulatory and air traffic services functions.

CAPA said today: "Newco will be Chaired by Liew Mun Leong (current head of listed CapitaLand), while CAAS' Deputy Director General for Operations, Lee Seow Hiang, will be CEO. The Authority will be Chaired by Lee Hsien Yang, younger brother of the Prime Minister, Lee Hsien Loong, and former head of Telco, Singtel.

"The restructure is effective 01-Jul-09 - a much more rapid programme than expected, reflecting the priority the government has attached to it as the aviation world moves on at a rapid pace. This is typified by the explosion in LCC capacity that will enter the Singapore market from Dec-08, as the bilateral air services agreement with Malaysia is liberalised. Singapore has much work to do to challenge for leadership of the LCC segment from fast-charging Malaysia.

"Singapore is finding that the excellence of facilities alone will not attract airlines. Despite the outstanding nature of its infrastructure, CAAS has suffered from a perception - inside and out - of being a bureaucratic entity, rather than an edgy commercial operation. As both the national regulator and the operator of the country's only commercial airport, this is not surprising."

Senior Minister of State for Transport, Lim Hwee Hua, stated: "The whole idea of transferring ownership to Temasek is to have a clearer separation of the role of the policymaker, regulator and the operators".

She added that the restructuring and corporatisation would enable the airport to "stay nimble and capitalise on new opportunities".

CAPA says that the Singaporean Government first considered privatising Changi Airport late in the 1980s and announced it would corporatise it in 2001 as a first move in that direction. Its intentions were thwarted by the SARS outbreak, and, arising from it, CAAS's adoption of its role as a 'corporate citizen', which embraced its response to SARS, nurturing the local aerospace industry and even nation building through education.

It was also sidetracked by the introduction and subsequent extension of the Air Hub Development Fund, and latterly by the expansion of Changi Airports International (CAI), the CAAS international consultancy unit, which has been transferring the Changi 'message' abroad.

CAI owns a minority stake in China's Nanjing Lukou Airport and provides management and consultancy services in several countries, including Russia, China, India and the United Arab Emirates. CAI is expected to become an even more aggressive participant in the global airport sector as its parent is corporatised.

Transport Minister, Raymond Lim, stated: "A corporatised entity will have greater flexibility to attract and retain top talent to compete with global airport operators. It can also better leverage on Changi Airport's brand name to develop an international presence".

Changi is Temasek's first major airport investment and foreign bidders were excluded as the airport is considered a "strategic national economic asset". Mrs Lim Hwee Lim added that there were no current plans to privatise or sell the Newco (although industry participants believe the corporatisation of Changi could lead to an eventual privatisation and listing).

As a closed transaction, CAPA says that valuing the airport is near-impossible: "Local analysts suggest around US$2bn. But Sydney Airport, for example, the most recent comparable privatisation in the region, raised over US$4.1bn in Dec-03."

CAPA added: "Changi Airport is strongly profitable, although net profit fell 7.7% in the 12 months ended 31-Mar-08, due to higher operating costs. The airport handled 36.7 million passengers in 2007 and growth rates have held up well this year."



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soon, it will be for sale..hahaaahahaaaa...singapore big sale!!!