TheMoodieReport.com, 29 Jan 2009, Melody Ng
SINGAPORE. The government has set in motion plans to corporatise Changi Airport through a new joint-stock company, and to create a new, separate organisation to replace the Civil Aviation Authority of Singapore (CAAS). It is potentially the first step towards privatising the airport. The new companies will begin operating from 1 July.
The move is aimed at making Changi more competitive among international hub airports.
The new Civil Aviation Authority will be led by Lee Hsien Yang as Chairman and BG (NS) Yap Ong Heng as Director-General. Lee, the son of Ministor Mentor Lee Kuan Yew, is currently the Director and Chairman of Fraser and Neave Limited, while Yap is the Deputy Secretary in the Ministry of Law.
Read More
