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Shanghai Airport Authority teams up with Airport Authority Hong Kong

21-Oct-2009

Shanghai Airport Authority (SAA) and Airport Authority Hong Kong (AAHK) have signed a cooperation agreement to establish of Shanghai Hong Kong Airport Management Co. The CNY100 million (USD14.7 million), 20-year JV is due to commence in 2010. SAA will hold a 51% stake, worth CNY51 million (USD7.5 million) in the JV, with AAHK to hold the remainder, worth CNY49 million (USD7.2 million). [1313 words]

Unlock the following content in this report:

Subheadings:

  • Shanghai International Airport operating profit drops 47.8%
  • Hongqiao Airport reaches final stage of expansion project
  • Boeing Shanghai opens Pudong Airport’s first MRO facility
  • Pudong Airport opens new security check area
  • Third airport to be constructed in Jiaxing City?

Graphs and data:

  • Shanghai International Airport Co Ltd financial highlights: six months ended 30-Jun-09  (under Chinese Accounting Standard)
  • Shanghai Pudong and Hongqiao Airport passenger number growth: Aug-2008 to Aug-2009
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