Changi Airport and Jet Quay agree on tenancy extension
Demand for JetQuay services grow in tandem with higher traffic at Changi
Changi Airport Group and Jet
Quay have agreed to a three-year extension of the tenancy to operate the
JetQuay CIP (Commercial Important Persons) Terminal at Changi Airport.
The tenancy renewal is effective from 1 August 2011.
The JetQuay CIP Terminal was
introduced to passengers in September 2006. A terminal which provides services such
as limousine transfers from private jets to the terminal, buggy services to
gate lounges, baggage pickup and delivery..
JetQuay has seen a steady
increase in the number of passengers using the terminal and requesting for its
services. In 2010, JetQuay handled 55,000 passengers, an increase of 40%
compared to the previous year. The growth trend is expected to continue, with
more than 40,000 passengers using the facility in the first six months of this
The popularity of JetQuay
coincides with higher traffic at Changi Airport and more visitor arrivals in
Singapore following the opening of the two integrated resorts as well as the
hosting of global events like the Formula One night race developments have
resulted in an increase in the number of passengers who are willing to pay a
premium for elite airport terminal services.
Last year, more than 50% of
JetQuay’s revenues came from private jet clients.
Commenting on the renewed
Changi Airport-JetQuay partnership, Mr Foo Sek Min, executive vice president,
Airport Management of Changi Airport Group, said “At Changi Airport, we cater
to a diverse group of customers and we seek to provide various options to suit
their preferences. With the extended lease for JetQuay’s operations, passengers
who prefer the extra comfort of being pampered and value their privacy can choose
to use JetQuay for departure and arrival at Changi.”
Ms Koh Yi Xuan, general
manager of Jet Quay said “We are delighted that CAG is extending its
partnership with Jet Quay. This will allow us to grow and develop further the
unique service offered to customers traveling to and from Singapore
either on commercial flights or private jets. We look forward to continue
working closely with CAG and our other industry partners in anticipating our
customers’ needs and delivering exceptional and unique service to them, to make
their journeys seamless, relaxing and enjoyable.”