Changi Airport says Terminal 5 capacity remains on track despite global uncertainties

Terminal 5 is set to raise annual passenger capacity by more than 55 per cent, from 90 million currently to 140 million.

Mr Lim said the group remains confident that planned capacity expansion matches projected demand, despite “ups and downs” in the short term.

“At the highest level, we feel that the game plan is on track,” he said. “The amount of total capacity that’s coming in versus the growth that is projected … all that is in line.”

He added that given the air hub’s key role for Singapore, the group “cannot afford to be too conservative”.

“If you underforecast, then later your manufacturing goods cannot get out, your tourists cannot come in, and there are other repercussions,” he said.

The WP MPs also asked how new technology such as longer-range aircraft could render air transit hubs like Singapore less relevant. Mr Lim said this overlooks how such aircraft could also benefit Singapore by connecting far-flung places to it directly. 

Longer-range flights, for instance, allowed Singapore Airlines to launch direct flights to New York City, the world’s longest non-stop flight.

“With the advancement of technology, it cuts both ways,” he said. “Some flights will overfly us, will bypass us … but some of these longer-range flights also help us to fly to places non-stop.”