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HKIA and HXIA Officially Launch Joint Venture Company

Analysis

Hong Kong (HONG KONG INTERNATIONAL AIRPORT) -The Chinese-foreign joint venture company (JV) formed by Hangzhou Xiaoshan International Airport Co. Ltd and Airport Authority Hong Kong (AA) today announced its inauguration in Hangzhou after completing all official approval procedures and capital injection. The JV is tasked to make Hangzhou Xiaoshan International Airport a world-class airport by enhancing operation efficiency, improving service quality and management standards, and carrying out the RMB6.8 billion second phase expansion.

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