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From Singapore to South Korea, airport ambitions face headwinds

Asia home to most expansion projects yet lags in traffic recovery after COVID-19

Singapore's Changi Airport is pushing ahead with a fifth passenger terminal, after the pandemic delayed its expansion plans.   © Reuters

SINGAPORE -- Asia is home to the largest concentration of airport development projects by number and value, yet lags behind the rest of the world in reviving travel in the wake of COVID-19, recent reports highlight.

These conflicting crosswinds could mean a bumpy ride for the Asian sector in the coming years, with inflation, supply disruptions and skilled labor lost to the pandemic adding further complications.

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