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Shanghai Airport Authority pax up 25.5%; China Eastern signs agreement with Shanghai Airport

China’s Shanghai Airport Authority (-1.1%) reported the following traffic highlights for Shanghai Pudong and Shanghai Hongqiao airports for the first eight months of 2010:

  • Passenger numbers: 47.0 million, +25.5% year-on-year;
    • Shanghai Pudong: 26.9 million, n/a;
    • Shanghai Hongqiao: 20.1 million, n/a;
  • Cargo volume: 2.4 million tonnes, +37.6%;
  • Aircraft movements: 360,000, +14.6%;
  • FY2010 forecast:
    • Passenger numbers: 72.0 million, +26.3%;
      • Shanghai Pudong: 42.0 million;
      • Shanghai Hongqiao: 30.0 million;
    • Cargo volume: 3.5 million tonnes, +17.4%;
      • Shanghai Pudong: 3.0 million tonnes;
      • Shanghai Hongqiao: 500,000 tonnes;
    • Aircraft movements: 545,000, +14.3%;
      • Shanghai Pudong: 331,000;
      • Shanghai Hongqiao: 214,000.

See related CAPA profile: Traffic - Airports

China Eastern Airlines confirmed on Wednesday (29-Sep-2010) it signed a strategic agreement with Shanghai Airport Authority on 28-Sep-2010 to jointly promote the development and construction of Shanghai as an aviation hub for the Asia Pacific region and increasing combined passenger throughput at Shanghai Pudong and Shanghai Hongqiao airports to up to 100 million p/a by 2015. The agreement also sets out the following traffic targets for both airports in Shanghai by 2015:

  • Total passenger throughput: 100 million p/a;
    • Shanghai Pudong: 65 million;
    • Shanghai Hongqiao: 35 million;
  • Cargo volume: 5.5 million tonnes p/a;
    • Shanghai Pudong: 4.75 million tonnes;
    • Shanghai Hongqiao: 750,000 tonnes.

New Zealand's Queenstown Community Strategic Assets Group launched an advertising campaign in support of its legal proceedings against the partial sale of Queenstown Airport to Auckland International Airport (0%). The campaign is aimed at local voters in the Queenstown Lakes District Council elections.

Other Asia Pacific operator shares that lost ground included Xiamen (-2.3%), Australian Infra Fund (-2%) and MAp (-0.5%). Malaysia Airports (+1.5%) and Shenzhen Airport (+04%) shares gained.

Selected airports daily share price movements (% change): 29-Sep-2010