Pearl River Delta airports sign development agreement
The five major airports in the Greater Pearl River Delta - Guangzhou, Hong Kong, Macau, Shenzhen and Zhuhai - signed an MoU to strengthen co-operation and promote sustainable development of the airports in the region. Even if all five airports deliver on all of their planned expansions, they are not expected to be able to meet the rising demand for aviation services. With closer cooperation, the five airports will develop complementary operations to meet the demand for growth.
- Five major airports in the Greater Pearl River Delta signed an MoU to strengthen cooperation and promote sustainable development.
- Despite planned expansions, the airports are not expected to meet the rising demand for aviation services.
- Closer cooperation will allow the airports to develop complementary operations to meet the demand for growth.
- Hainan Meilan Airport, GVK Infrastructure, and Vienna Airports experienced positive share price movements.
- Ferrovial and TAV Turkish Airports Company saw a decline in their share prices.
In airport share trading on Friday, major movers included Hainan Meilan Airport (up 4.6%), Indian construction company GVK Infrastructure (+4%) and Vienna Airports (+2.3%). Spanish airport and construction company Ferrovial lost 1.4%, while TAV Turkish Airports Company fell 1.4%.
Selected ABD daily share price movements (% change): 26-Mar-2011
