Wednesday, February 21, 2024
Changi Airports International (CAI) and Cam Ranh International Joint Stock Company (CRTC) inked a significant deal today during the Singapore Airshow, marking a pivotal moment in the management of Cam Ranh International Terminal’s non-aeronautical ventures and the bolstering of Cam Ranh International Airport’s international route expansion.
This groundbreaking accord stands as the inaugural manifestation of a cooperative framework between CAI and Legacy Infrastructure (Legacy). Leveraging CAI’s global prowess as an airport consultant, manager, and investor, along with Legacy’s regional sway and resources, the collaboration endeavors to introduce innovative solutions to Vietnam’s aviation sector, amplifying connectivity, operational efficiency, and global competitiveness.
Situated in Nha Trang City and the Khanh Hoa province, Cam Ranh International Airport (CXR) ranks as Vietnam’s fourth busiest international airport and serves as a pivotal tourist hub for the nation. Over the next half-decade, CAI will collaborate with CRTC to expedite revenue growth at CRX’s Terminal 2 while elevating the passenger journey within the terminal. The agreement allows for a potential extension of the contract for an additional five years.
Owned entirely by CRTC, Cam Ranh International Terminal (CRX’s Terminal 2) boasts partnerships with over 30 airlines and currently facilitates connectivity to over 100 global destinations. This accord will pave the way for heightened connectivity with major international airports and the attraction of global partners, substantially enhancing CRTC’s competitiveness and appeal.
Mr Eugene Gan, Chief Executive Officer of CAI, said, “Cam Ranh International Airport, which welcomed 6.5 million international visitors in 2019 before the pandemic and was the fourth busiest international airport in Vietnam, is undoubtedly one of the driving factors for the tourism development of Nha Trang. We are excited to apply the experience we have gained over the years to work with our valued partners and uplift the passenger experience at Cam Ranh International Airport, helping to further grow its potential as one of the leading airports in Vietnam.”
Mr. Johnathan Nguyen, renowned as the visionary behind Vietnam’s aviation industry and currently serving as the Chairman of CRTC, expressed admiration for Singapore Changi Airport, a globally recognized hub renowned for its outstanding service standards. He emphasized the importance of the partnership between Changi Airports International (CAI) and Cam Ranh International Terminal, highlighting its pivotal role in enhancing service quality, implementing cutting-edge technology, and facilitating seamless connections for CRTC with airlines and airports worldwide.
“The successful model of management cooperation between CRTC and CAI will be the first of its kind that CAI implements in Vietnam, opening up great opportunities for both parties in the field of airport operations and realising the vision of Imex Pan Pacific Group (IPPG) for strategic collaborations in Vietnam and other countries.”
Mr Hong Dijun, Chief Executive Officer of Legacy, said, “Following extensive regional analysis, Legacy Group has identified Vietnam as a pivotal strategic market in Asia. We are committed to contributing to Vietnam’s rapid growth and plan to unveil four additional infrastructure projects by the end of the fiscal year, with a combined contract value exceeding US$2 billion. In the aviation sector specifically, through Mr Nicholas Duong, Legacy has discerned IPPG as a trusted and respected aviation ally to inaugurate this collaborative venture. Mr Johnathan is renowned for his illustrious contributions to the aviation industry and his advocacy for cutting-edge reforms. Legacy is proud to bring together this collaboration and reaffirms our dedication to invest and continue fostering partnerships with world-class experts and strategic allies to further enhance the country’s infrastructure landscape.”
Sunday, April 28, 2024
Sunday, April 28, 2024
Sunday, April 28, 2024
