Changi Airports International (CAI) announced that it has been named as the “2008 Asia Pacific Airport Investment Company of the Year” by global growth consulting firm Frost & Sullivan. This is the first international award CAI has received since it launched its new business model in 2006. CAI will be receiving the Award at the 2008 Frost & Sullivan Asia Pacific Aerospace & Defense Awards ceremony on Friday 14 March 2008.

Commenting on the conferment of the Award, Mr LIM Chin Beng the Chairman of Changi Airports International said, “We are very pleased that Changi Airports International has been given the Award which recognizes the Company as a serious, innovative and successful investor in the development and operations of airports. With the assistance of the Civil Aviation Authority of Singapore (CAAS), CAI has built up a team of experts and they have made their presence felt in all the markets that CAI operates in. The market in many parts of the world for the development of new airports and improvements to existing airports is huge and this augers well for the future of CAI.”

This Frost & Sullivan Award adds to the other accolades which have been conferred on CAI airports in the various markets – including that of Best Airport in the Middle East and the Best Airport in Latin America.

Syahril Nizan, Consultant, Frost & Sullivan said, "CAI's dynamic and progressive approach towards the pursuance of investment opportunities in the airport planning and development market has yielded many successful global ventures. The current involvement in several turnkey airport development projects in China and India will not only enhance CAI's reputation as the best airport investment company in Asia Pacific, but also as one of the best in the world. CAI’s broad range of services - including airport management consultancy and operations training programs – is designed not only to raise airport operational efficiencies, but also lend value added services towards improving customer satisfaction. In recognition of CAI’s dynamism, Frost & Sullivan awards it the Asia Pacific Airport Investment Company of the Year Award," adds Nizan.

Altogether, 21 Awards will be given out on 14 March 2008. The criteria used to select the Award Recipients were based on actual measurable performance of the companies in the market for base year 2007. The measured parameters include revenue growth, market share growth, demonstrated leadership, breath of solutions offered, major customer acquisitions, business strategy, market penetration, and increased brand recognition.