The operators of the international airports in Shanghai and Hong Kong formed a joint venture to manage Shanghai Hongqiao international airport which mostly handles China domestic flight.

In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from Read more…

Popularity: 1% [?]

airport, China, economy, Hong Kong, Hongqiao, joint venture, Shanghai

With the comment made by Feng Jianhua, general manager of Mianyang Airport, in an essay published on an industry website (www.aerochina.com.cn), that ninety-one percent of the 103 small airports are receiving less than 1 million passengers annually, we can see that most of the small airports in China are struggling for life. However, still more will Read more…

Popularity: 3% [?]

airport, China, economy, investment, Mianyang, passenger, Sichuan

At least 60 airport projects have begun to get a total of 450 billion yuan ($65.88 billion) several days ago. According to a CAAC press release, at least 40 of the projects will start next year and cost 200 billion yuan.

The money will be used to expand existing airports in Shanghai Pudong, Guangzhou, Chengdu and Nanjing and build new ones in many inland cities, including Yan’an city in Shaanxi province and Daocheng in Sichuan province.

A CAAC spokeswoman said that in order to stimulate domestic Read more…

Popularity: 2% [?]

$65b, airport, CAAC, China, money, project