Airport Authority Hong Kong, Acting Chief Executive Officer, Vivian Cheung at the CAPA Airline Leader Summit Asia 2024

Transcript

Vivian Cheung:For the three runway system, we have just actually announced today that the middle runway will start in operation at November 28th. It means that the north new runway and the middle runway and south runway three runway all are going to be in operation. Simultaneously on that date, and so once he started, we actually potentially we can add capacity for by another 30%. During 2018-19, that during our peak time, the movement is 68 movement per hour. So eventually can round to 102 movement per hour. Okay, but however, we're going to take time. To slowly migrate to 102, depending on the market demand and also the supply. But then since the capacity there, that there's a great potential that eventually it can help us to reach a service 120 million passengers and 10 million tonnes of cargo. So that's quite a lot of room for, for us to improve and provide service to the airline and passengers. The other development actually including that you have heard about that we are building this city airport into an airport city. But now we have just announced a couple of weeks ago we're going to expand and double this airport city. So including 10 more different projects. So the current project you have saw that is that you have seen is the 11 Sky is almost complete by middle of next year. They're going to start to put their shops and entertainment into operation. And besides that, we also have our autonomous vehicle coming in operation. We have autonomous parking for the connection from mainland, and they're all going to put into operation. And continue to expand our Airport City, we're going to start to have Asia Expo Phase 2, where you are today, we don't have enough space anymore. So we are building another conference, exhibition, and performance center where you can sit 20,000 people. They're going to be the biggest indoor arena in Hong Kong. And that's just one of it. I mentioned there's 10 projects. So including now building our art hub, you know, so Hong Kong is already the second largest art trading places in the world. And we want to— we aim to help Hong Kong to become the number one. So Hong Kong needs art storage, needs trading places, needs showroom, needs art gallery. Then we aim to build an art community or ecosystem on our island. And besides the art hub. We also talk about sportainment. We have a big water area nearby our airport. We want to build some sports on the water, water sports, and also a building with different sports for entertainment type of sports. This is all trying to create more synergy to make sure this place also by itself is a destination. Destination. Now, Since we are nearby the water, we're also building a yacht club to provide 500 to 600 space for yachts to park here. These are all holiday travel, holiday parking, not long-term parking. So owners of yachts can take their boats from Southeast Asia or GBA to travel and enjoy Hong Kong. Parking or enjoy our airport city. And so with that, we're also going to build several, several luxury hotels around it and then also build promenades and boardwalks around this bay. So to provide leisure places for passengers from, from the globe, travel through the air or from from the bridge, from GBA, or Hong Kong residents to enjoy this area. And we'll also further expand our autonomous vehicle from the city all the way to Tung Chung. So there's a lot of projects going on, and it's going to create a lot of excitement to attract people to Hong Kong Airport. One of our vision or mission is to be the important economic engine for the, for the area, for Hong Kong and for GBA. And so we don't want to just be the airport to service goods and people or flight movement. We also want this to be a destination. And then we also, after the pandemic, we think that we want to introduce the people back to Hong Kong again. And what's the best way to start with our own industry. So this kind of conference actually, actually introduced Hong Kong to our industry again. And actually last year we have IATA conference and Cargo Symposium. This year we have the Super Terminal Expo and CAPA. And also next year we're going to actually host RuWorld. So there are going to be hundreds of airlines come to Hong Kong. And all this will showcase Hong Kong as a place worthwhile to invest and to establish a network and also establish flights in and out. Yeah.

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