15-Mar-2011 1:05 PM
South Korea to privatise Cheongju International Airport
Analysis
South Korea's Government announced it intends to privatise the loss-making Cheongju International Airport by the end of Jun-2011. The airport is operated by the Korea Airports Corporation, which saw its shares fall 2.5% on Monday, in a day of generally lower trading for airport shares.
Summary
- South Korea plans to privatize Cheongju International Airport by the end of June 2011.
- The airport is currently operated by the Korea Airports Corporation, which experienced a decline in share prices.
- Guangzhou Airport in China reported a 2.4% increase in passenger numbers in February 2011.
- However, cargo volume at Guangzhou Airport decreased by 10.2% during the same period.
- Aircraft movements at Guangzhou Airport also slightly declined by 0.9%.
- The article includes selected daily share price movements for ABD on March 14, 2011.
China's Guangzhou Airport reported the following traffic highlights in Feb-2011:
- Passenger numbers: 3.5 million, +2.4% year-on-year;
- Cargo volume: 63,361 tonnes, -10.2%;
- Aircraft movements: 27,459, -0.9%.
Selected ABD daily share price movements (% change): 14-Mar-2011
