Australia’s Gold Coast Airport announced its AUD100 million (USD93.7 million) redevelopment project will be completed in 2010 with the new terminal to open in Mar-2010 (Tweed Daily News, 17-Nov-2009).
Gold Coast Airport's new terminal to open in 2010
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Australia’s Gold Coast Airport: AirAsia X and Hong Kong Airlines drive rapid international growth
Australia’s Gold Coast Airport is enjoying rapid traffic growth, driven by new and expanded international services. The airport recently started construction on a new terminal which will provide an enhanced level and service, and more widebody parking spots, to support anticipated further international growth.
Gold Coast traffic was up 8% to 6.3 million passengers in the year ending 30-Jun-2016, with international traffic up 18% to 1.05 million. Gold Coast had the fastest international growth in FY2016 among Australia’s six main international airports.
AirAsia X and Hong Kong Airlines have accounted for most of the recent growth. AirAsia X has added capacity on Kuala Lumpur-Gold Coast while launching Gold Coast-Auckland. Hong Kong Airlines launched services to Gold Coast in early 2016 and is already planning to increase capacity.
Hong Kong Airlines to grow in Australia via Virgin Australia partnership. Auckland launches Nov-2016
Having built a regional Asian network anchored around mainland China as a source market, HNA Group's Hong Kong Airlines is leveraging its hub capability from short/medium haul connections to long haul transfers, which also reduce CASK. Hong Kong Airlines resumed long haul flying in early 2016 with a service to Cairns and the Gold Coast. Auckland will be added from Nov-2016 and Hong Kong Airlines should be able to break up the Air New Zealand-Cathay Pacific joint venture on the route.
Hong Kong Airlines is restricted from serving major Australian cities due to bilateral limits (Australia and Hong Kong have not been able to agree on increased capacity levels). Hong Kong Airlines' owner HNA has bought into Virgin Australia, which plans to serve the key HNA hubs of Beijing and Hong Kong in 2017, providing access from major Australian cities. Virgin could also help Hong Kong Airlines make viable service to smaller Australian cities.
Hong Kong Airlines is receiving a lift in Australia and New Zealand bookings, attributed to Asian consumers shifting away from travel in Europe, which has repeatedly been impacted by terrorist acts. Hong Kong Airlines believes that passengers are "viewing Australia and New Zealand together as more of a safe-haven status destination".