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  1. Airport Authority puts people in the picture as rivalry grows

    Posted Nov 08th 2005, 12:00am by Michael Taylor

    ... Michael Taylor THE HONG KONG Airport Authority might appear to have a monopoly on air transport in the Pearl River Delta, but it has four competitors and each one has its eyes on expanding its market share. 'There is a lot of competition out there- Guangzhou, Shenzhen, Macau and Zhuhai,' said Eric Leung Luen-fai, senior finance manager at the Airport Authority ...

  2. Airport Authority assured of safety net

    Posted Jan 26th 2005, 12:00am by Annette Chiu

    ... Annette Chiu The government says it may compensate the Hong Kong Airport Authority if it is forced to uphold public interest in the event of a conflict over airport charges, according to a consultation document prepared for the Legislative Council meeting on the authority's privatisation. 'Ultimately, the government can give directions to the [Airport Authority] in the public ...

  3. Airport Authority signs deal to acquire stake in Xiaoshan

    Posted Jan 18th 2005, 12:00am by Joseph Lo

    ... Joseph Lo The Airport Authority has signed a letter of intent with Hangzhou Xiaoshan International Airport in Zhejiang province, paving the way for its first major investment outside Hong ... yesterday's agreement only forms the basis for further negotiations. Airport Authority chief executive David Pang Ding-jung said: 'We have not yet decided how big an investment to make ...

  4. Airport Authority close to mainland agreement

    Posted Jan 13th 2005, 12:00am by Joseph Lo

    ... Joseph Lo An agreement set to be signed tomorrow could pave the way for a big Hong Kong investment in a key airport near Shanghai. According to industry sources, the Airport Authority and Hangzhou Xiaoshan International Airport have been discussing a possible partnership for several months, including management exchanges and a direct investment in Xiaoshan by the authority. Reports ...

  5. Airport Authority sell-off plan 'too vague'

    Posted Jun 13th 2005, 12:00am by Russell Barling

    ... of Commerce has strongly recommended that the government abandon its plans for the partial privatisation of the Airport Authority. In a letter to Sandra Lee Suk-yee, permanent secretary for economic ... by floating a 25 per cent stake in the authority, which manages the airport. Earlier this year, the government was ordered by the Legislative Council to consult the industry after reports that user ...

  6. Xiaoshan stake boost for Airport Authority

    Posted Jan 15th 2005, 12:00am by Annette Chiu, Joseph Lo

    ... Annette Chiu and Joseph Lo The decision to invest in Hangzhou's Xiaoshan International Airport should enhance Airport Authority Hong Kong's (AA) financial attractiveness ... The authority has been seeking for several years to invest in a mainland airport to give it a higher valuation as a potential growth stock when it lists. Traffic at Xiaoshan has doubled since ...

  7. Case of tail wagging the dog in airport privatisation talks

    Posted Mar 04th 2005, 12:00am by Joseph Lo

    ... Joseph Lo Negotiators from the airlines and the Airport Authority are set to knock heads again over the issue of the authority's proposed privatisation. This will mark the second ... to ensure that the authority's core focus remains on running Chek Lap Kok. In January, the Airport Authority signed a letter of intent with Hangzhou Xiaoshan International Airport in Zhejiang ...

  8. Airport scholarships nurture high-flyers

    Posted Sep 10th 2005, 12:00am by May Chan

    ... May Chan The Airport Authority has been training local and mainland university students in response to the growing integration of the aviation market in the Pearl River Delta. Chief executive officer David Pang Ding-jung said he planned to develop an integrated airport system with the mainland. He was speaking on Wednesday at a scholarship presentation ceremony ...

  9. Chek Lap Kok puts in a record year

    Posted Jan 17th 2005, 12:00am by Georgina Lee

    ... double-digit growth over 2003, the Airport Authority said yesterday. The number of passengers soared 35 per cent to 37.14 million after having plunged in 2003 due to the Sars epidemic. The airport ... a surge in holiday travel. The Airport Authority also has its sights set on the mainland. It is expected to sign today a deal to buy more than 30 per cent of Hangzhou's Xiaoshan International ...

  10. HK Airport profit surge fuels talk of part sell-off

    Posted Jun 30th 2005, 12:00am by Russell Barling

    ... Russell Barling The government reaped a $1 billion windfall yesterday when the Hong Kong Airport Authority elected to return 71 per cent of last year's earnings to its sole shareholder in the form of a dividend. The authority posted a record year in every air traffic category- from aircraft movements to passenger and cargo volumes- on its way to generating a 29 per cent ...




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