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  • July 26, 2014
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  1. HK$4b record profit for Airport Authority

    Posted Jun 30th 2011, 12:00am

    ... programme due to be completed by 2015 could drag the Airport Authority into the red. 'If you only look at the [financial] statement, there will be fluctuations, or even losses,' said ... and parking charges for airlines. Even though the authority projects an annual increase of 3 per cent in airport charges until 2030 in its estimated future cash flow, the airport has not raised ...

  2. How much is Airport Authority spending to promote third runway?

    Posted Jul 16th 2011, 12:00am

    ... The Airport Authority is obviously prepared to plough every furrow to disseminate its message that it will be the end of civilisation as we know it if its very costly plan to build a third ... by the authority is being carried out at a cost of millions of dollars to the public purse. It is only recently that the airport has begun to make a return on the public money invested in its construction- ...

  3. Authority cleared for Zhuhai airport venture

    Posted Feb 18th 2006, 12:00am by Charlotte So

    ... Charlotte So Hong Kong's Airport Authority cleared the final hurdle yesterday in its bid to run Zhuhai Airport, gaining approval from China to form a joint venture to operate ... [with Zhuhai airport],' said Airport Authority spokesman Bill Lam. 'The joint venture will strengthen ties between Hong Kong and the Pearl River Delta, benefiting both Hong Kong ...

  4. Airport Authority net grows 14pc to HK$1.1b

    Posted Nov 22nd 2007, 12:00am by Charlotte So

    ... Charlotte So Boosted by strong growth in air passengers and cargo volume in the first half, Airport Authority Hong Kong registered a 14.4 per cent increase in net profit in the six months ... of the airport operator. Beijing Capital Airport, the mainland's busiest airport, is expected to handle 55 million passengers this year, against 48 million last year. Airport Authority Hong Kong has ...

  5. Airport Authority's meagre profit a laughing stock

    Posted Jul 06th 2007, 12:00am by Staff Reporter

    ... While Hong Kong's Airport Authority directors are jumping with joy at the HK$1.9 billion 'profit' they made in the last financial year, the city's business tycoons must ... of the airport's huge growth. Yet the authority, which has continued with its uncontrolled staff growth, is complaining about them not being able to increase flight movements to more than 54 an hour. ...

  6. Stanley Hui new airport authority chief

    Posted Dec 15th 2006, 12:00am by Staff Reporter

    ... Denise Hung Former chief executive officer of Dragonair Stanley Hui Hon-chung has been named the new chief executive of the Airport Authority. The appointment, unanimously endorsed ... 2001. Victor Fung Kwok-king, chairman of the authority, said Chek Lap Kok airport had regularly been recognised under Dr Pang's leadership as the world's best in passenger surveys ...

  7. Airport Authority goes to banks for $4b in funding

    Posted Sep 08th 2004, 12:00am by Russell Barling

    ... Russell Barling The Airport Authority is lining up banks for $4 billion in loans to be used for ongoing projects and to increase working capital, the authority said yesterday. Half ... that we go to the financial institutions almost every year for general funding,' Airport Authority spokeswoman Connie Hon said. One banker, whose company has been asked to submit a bid, said ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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