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SINGAPORE CHANGI INTERNATIONAL AIRPORT
Singapore Changi International Airport is a major aviation hub in Asia. It is located in Changi, about 20 km (12 miles) east northeast of the centre of Singapore. Operated by the Civil Aviation Authority of Singapore (CAAS), Changi Airport is the home base of Singapore Airlines and served by 78 other airlines. The airport hosts roughly four thousand flights per week to 177 cities worldwide. The airport employs over 13,000 people and accounts for over S$4.5 billion in output. In addition to being an important passenger traffic hub, the airport is one of the busiest cargo airports in the world, handling 1,780,000 tonnes of cargo in 2004.The airport is experiencing rapid growth. In 2005, the airport handled a record of 32.43 million passengers, a 7% increase over the previous year. This made it the 26th busiest airport in the world and the sixth busiest in Asia by passenger traffic. Incentives like the Air Hub Development Fund, first introduced in 2003, have proven effective in attracting airlines here.
A new S$300 million fund to strengthen Changi's hub status will start in 2007 when the current S$210 million fund expires in 2006. Changi has also been courting low cost airlines with its $45 million Budget Terminal, which opened on March 26th, 2006. The continued success and growth of Singapore-based Singapore Airlines, as well as the airport's range of amenities which have led to it being consistently selected as one of the world's best airports, have also contributed to the airport's success.
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