As passenger and cargo traffic continues what has been the airline industry's greatest sustained boom, the Asia-Pacific region's major hubs are restructuring in response to new competitive pressures. A shift is underway in the old guard. Japan remains the region's largest economy--it accounts for 47% of Asia's economic output--and has the most developed airport infrastructure, although badly strained. Markets are shifting for long-standing hubs such as Hong Kong, Singapore and Bangkok. ...

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