CAAC announced (06-Apr-2012) it signed an agreement with Shanghai Municipal Government on 05-Apr-2012 to expedite the development of civil aviation in Shanghai, transforming Shanghai into an important aviation hub with 100 million passengers and 5.5 million tonnes of cargo p/a by 2015. Also under the agreement, Shanghai Pudong Airport will be transformed into a core aviation hub for the Asia Pacific region and the largest cargo hub while Shanghai Hongqiao Airport will become a network hub for domestic passengers. The two airports handled 74.6 million passengers, 3.5 million tonnes of cargo and 574,000 aircraft movements in 2011. As previously reported by CAPA, Shanghai Pudong has received approval to construct a fourth and fifth runway. [more - original PR - CAAC] [more - original PR - Shanghai Airport Authority]
Shanghai Pudong to become largest cargo hub by 2015
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Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines. In 2017 those profit levels may be eroded as oil prices creep back up, economies falter and political uncertainty abounds over matters such as ‘Brexit’ and the election of a new and unpredictable US president – along with the prospect of greater levels of protectionism and threats to open skies agreements. All of which, of course, must impact on airports.
Perhaps nothing sums up this political uncertainty more than the ‘decision’ made – at length – by the British government that London Heathrow Airport will be expanded by the addition of a single runway, and which is not a decision at all. It must be rubber stamped by MPs by Dec-2017 and there is no ‘certainty’ about that. On a potentially more positive note however, Donald Trump’s election as US President could generate new, much need investment in US airport infrastructure.