Become a CAPA Member
Loading
04-Aug-2006 10:09 AM

Airport Authority of Hong Kong confirms 20-yr Zhuhai Airport management deal

Analysis

Hong Kong (XFNews-ASIA) - Airport Authority of Hong Kong (AAHK) confirmed that the Chinese government has approved a cooperation agreement between the authority and Zhuhai authorities for joint management of the Zhuhai airport.

Airport Authority chairman Victor Fung said the joint venture, Zhuhai-Hong Kong Airport Management Co Ltd, will pay a franchise fee for the exclusive right to manage and operate Zhuhai Airport for 20 years.

The joint venture, held 55 pct by AAHK and 45 pct by the Zhuhai municipal government, has a registered capital of 360 mln yuan.

Among the tasks the joint venture will undertake are expansion of Zhuhai Airport's domestic network and maximization of synergy between that airport and the Hong Kong airport.

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More