http://app.mot.gov.sg/data/Corporatisation%20news%20release.pdf
Excerpt:
.....Details of the corporatisation model were announced by the Ministry of Transport (MOT) today. The corporatisation process comprised three main areas of focus. These are: role allocation of the nonregulatory functions of CAAS under a new airport company which will undertake the operational functions of managing Changi Airport, running its emergency services and operations and investments in foreign airports. Strategic and regulatory functions such as air traffic services, air services negotiations, safety, service and economic regulation will be retained under the restructured Statutory Board. Corporatisation also requires the establishment of a new regulatory framework for competitive aeronautical pricing, service excellence and timely and adequate investments in capacity. Processes have been worked out to ensure successful transition management of human resources and
operational continuity of Changi.....
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