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  • November 27, 2014
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  1. Flight delays grow longer as airport handles more traffic

    Posted Mar 22nd 2011, 12:00am by Anita Lam

    ... Anita Lam Hong Kong International Airport may be among the most efficient airports in the world, but with levels of air traffic reaching new highs every year passengers are also enduring ... of outgoing flights were delayed more than 15 minutes, from 18 per cent in 2008. A senior department official said the figures still compared favourably with many airports in major European ...

  2. Meilan will issue A shares to fund Sanya Airport purchase

    Posted Nov 21st 2009, 12:00am by Charlotte So

    ... Charlotte So Shares in Hainan Meilan International Airport, controlled by HNA Group, rose 3.3 per cent yesterday after the company unveiled plans to issue A shares to fund the long-awaited acquisition of its sister yet rival Sanya Airport. The airport operator said it had authorised an executive director to negotiate the acquisition of Hainan Airlines Airport Holding (Group), ...

  3. Former airport chief given death sentence

    Posted Feb 12th 2009, 12:00am by Charlotte So

    ... Charlotte So Li Peiying, the former head of Beijing Capital International Airport, has been sentenced to death by the People's Court in Shandong for taking 26.61 million yuan (HK$30.18 million) in bribes from 1995 to 2003. From January 1995 to November 2003, Li was the assistant general manager, president and general manager of Capital Airports Holding, as well ...

  4. Airport staff strike disrupts travel

    Posted Dec 28th 2008, 12:00am by Martin Wong, Paggie Leung

    ... Martin Wong and Paggie Leung Workers' bonus protest delays dozens of flights and causes long baggage hold-ups Thousands of people who flew into Hong Kong yesterday left the airport ... the three-hour strike had been a warning and their action could escalate. But in talks with managers of Hong Kong Airport Services (HAS), staff representatives agreed not to take further action ahead ...

  5. Hainan Airport Group secures financing package

    Posted Jul 26th 2008, 12:00am by Charlotte So

    ... Charlotte So Hainan Airport Group obtained its first batch of loans from HSH Nordbank yesterday, as part of a larger debt and equity financing package totalling US$1 billion. The credit line will be used to fund the construction and acquisition of airports in central and western China that are currently managed by provincial and municipal governments. Hainan Airport Group, ...

  6. Beijing airport seeks $12b to fund expansion

    Posted Nov 11th 2003, 12:00am by Annette Chiu

    ... Annette Chiu Operator will shoulder most of the construction bill as it prepares for the Olympics Beijing Capital International Airport (BCIA) will raise as much as 13 billion yuan (HK$12.07 billion) over the next four years to expand the airport as it prepares for the 2008 Olympic Games. Research institute Bank of China International (BOCI) issued a report last week quoting ...

  7. Progress made on choice of adviser for airport sale

    Posted Aug 11th 2003, 12:00am by Enoch Yiu

    ... which was expanded last week to include the Hong Kong Airport Authority. According to a government source, the first appointment - to work on the airport privatisation - will be announced within weeks. The government is also vetting applicants to advise on the disposal of assets in three other sectors: transport (excluding the airport), property and tourism. 'The adviser ...

  8. Tycoon acquires Senai airport

    Posted Oct 02nd 2003, 12:00am by Russell Barling

    ... The move will heighten cargo handling rivalry between Malaysia and Singapore Malaysian transport and power tycoon Syed Mokhtar Albukhary has acquired the Johor state's airport ... on Tuesday agreed to pay Malaysia Airport Holdings M$80 million (HK$163.04 million) for the airport at Senai, according to the holding company. The deal, to be completed this month pending ...

  9. 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 ...

  10. 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 in the run-up to its proposed privatisation. A senior Zhejiang official told reporters in Hong Kong yesterday that a commitment by the AA to buy more than 30 per cent of the mainland airport would ...




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