Incheon Airport expected 39 million pax in 2012, to reach capacity by 2016

South Korea's Incheon International Airport Corp president and CEO CW Lee, speaking on the sidelines of CAPA's World Aviation Summit in Hong Kong, estimated (29-Nov-2012) the airport will handle 39 million passengers this year and will meet its capacity by 2016. The airport's present capacity is 44 million passengers and 4.5 million tonnes of cargo p/a. To support the forecast traffic growth, the airport plans to invest USD4.5 billion in a second terminal, with phase one of the project expected to be completed by 2017 and increasing the airport's capacity to 62 million passengers p/a. He also noted non-aeronautical revenue currently accounts for more than 64% of the airport's total revenue and the airport will continue to work with airlines to maximise non-aeronautical revenue, which will be reinvested to improve the passenger experience.