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Airports of Thailand to invest US$3.9b in new airports, handle more passengers

Airports of Thailand to invest US$3.9b in new airports, handle more passengers

[BANGKOK] Airports of Thailand PCL , a major beneficiary of the country’s tourism boom, is adding new airports to its portfolio to ease demand, President Nitinai Sirismatthakarn told Reuters on Monday.

The influx of tourists has lifted revenue and the share price, but is putting pressure on infrastructure and services.

“Demand is outpacing supply,” Mr Nitinai said adding that AOT increased capacity to 101 million in its 2017 fiscal year, whereas passengers numbers reached 129 million.

“We expect 10 percent passenger growth this fiscal year and continued growth for the next 4-5 years” Mr Nitinai said.