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Temasek to gobble up Changi

8-Oct-2008

In the biggest upheaval to Singapore Inc in decades, reflecting rising international challenges and opportunities, Singapore Government-controlled Temasek will acquire Changi Airport and its operating businesses. Regulator, owner and manager, the Civil Aviation Authority of Singapore, will be replaced by an unnamed-company (Newco) that will control Changi, and a new Civil Aviation Authority, which will drive Singapore’s national aviation policy, regulatory and air traffic services functions. [689 words]

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