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Global Travel Boom Spurs $1 Trillion Airport Investments

Asia expected to dominate terminal building boom

Countries around the world are on a $1 trillion airport investment spree, with the global travel market estimated by Boeing Co. to be 2.5 times larger in 20 years. About half of that spending will be on upgrading or building new airports in Asia, the Sydney-based CAPA Centre for Aviation predicts. Singapore’s Changi Airport unveiled its new fourth terminal and is building a fifth, Hong Kong plans to fill in part of the South China Sea to make room for a third runway, and South Korea’s Incheon International Airport plans to open its second terminal as early as this year.

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