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  • April 17, 2014
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  1. Beijing airport soars after subsidies extended

    Posted Jan 07th 2011, 12:00am by Charlotte So

    ... Charlotte So Beijing Capital International Airport saw its shares rise as much as 10 per cent in Hong Kong yesterday after the central government extended its subsidies by five years, removing a major obstacle to floating its shares on the mainland. The subsidy is a share of airport construction fees, which are embedded in airfares and comprise charges levied by the central ...

  2. China Railway on track to acquire airport unit from parent company

    Posted May 19th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Railway Group, one of the country's two dominant railway construction firms, is working to complete its acquisition of China Airport Construction Corp, which will consolidate the rail giant's strategy to become a comprehensive infrastructure construction conglomerate on land, sea and air. The acquisition would add China Airport's annual revenue of 10 ...

  3. 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), ...

  4. Yunnan Airport shortlists investors for deal

    Posted Nov 03rd 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Bidders may pay up to US$900m for Kunming airfield stake, buy into operating firm Yunnan Airport Group, which owns 11 airports in southwestern China, has shortlisted a group of investors for a two-part deal that may see them pay as much as US$900 million for a stake in a new airport in Kunming and then acquire a stake in the larger operating company, market sources said. ...

  5. Kunming airport courts investors

    Posted May 05th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster and Daniel Ren in Shanghai Macquarie, Goldman among interested firms Kunming International Airport, located in the southwestern province of Yunnan, is seeking as much as US$400 million from foreign investors to fund development, market sources said. Funds run by Macquarie, Goldman Sachs and Singapore's Changi Airport were among the interested parties, ...

  6. CNAC woos investors for US$800m airport fund

    Posted May 18th 2005, 12:00am by Russell Barling

    ... for the country's emerging airports and aviation-related businesses and may be ready for investors by July, according to a source close to the venture. 'It is still more of a concept. The structure ... for aviation development, particularly of the secondary airports.' He said state-owned CNAC had been sounding out private equity firms for the invite-only fund- it is understood Macquarie Bank has ...

  7. 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 Kong. Xiaoshan airport, a modern facility built in 2000 about 180km southwest of Shanghai, serves as an important alternative gateway to the rapidly industrialising Yangtze River delta. ...

  8. Shenzhen Expressway taps airport business

    Posted Feb 05th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Toll-road operator Shenzhen Expressway is investing four billion yuan to scoop up traffic heading to Guangzhou's new international airport, informed sources say. ... Qinglian Highway serves as a key road access to Guangzhou's Baiyun International Airport in Huadu and a northern land gateway to Guangdong. The potential benefits from the airport traffic were ...

  9. Lion Airlines seeks to gain edge with control of Jakarta's No2 airport

    Posted Nov 06th 2004, 12:00am by David Fullbrook

    ... David Fullbrook in Bangkok Lion Airlines, Indonesia's largest privately held carrier, is taking over Jakarta's second airport, a move expected to cut costs and delays. Lion expects to take formal possession of Halim Perdanakusuma Airport next month, with flights beginning in the middle of next year after six months of refurbishment. An extension at the terminal ...

  10. Airport baggage system goes down

    Posted Aug 25th 2004, 12:00am by Nick Gentle

    ... at Chek Lap Kok airport failed. Flights were delayed for up to an hour as airport staff, contractors and airlines scrambled to load bags manually after a computer fault caused the system to break down shortly after 7am. Departing passengers' baggage was handled by staff until 11.45am, when all 24km of conveyor belts at the airport started operating again. By then, 31 flights had ...




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