The Airport Authority Hong Kong (AAHK) has signed an agreement to purchase a 35% stake in Zhuhai Airport, an airport serving the city of Zhuhai in South Central China’s Guangdong province, for CNY4.3bn ($593.8bn).
Hong Kong-Zhuhai Airport Management, a subsidiary of AAHK, will also have its management rights for Zhuhai Airport extended until 2046.
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This extension builds on a contract that began in 2006.
In 2023, Zhuhai Airport handled more than 11 million passengers, ranking third in the Guangdong province.
With the planned expansion and the opening of Terminal Two in 2025, the airport is expected to handle over 27 million passengers annually.
AAHK chairman Fred Lam said: “With AAHK’s acquisition of shares in Zhuhai Airport, we will further capitalise on strengths of the two airports by leveraging the convenience brought by the Hong Kong-Zhuhai-Macao Bridge.
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By GlobalData“This will not only bring more passenger and cargo traffic to Zhuhai Airport, but also enables travellers from Zhuhai and other cities in the western part of the GBA to enjoy the global connectivity provided by HKIA’s extensive aviation network, achieving mutual benefits.”
Collaboration between HKIA and Zhuhai Airport has already yielded the “Fly-Via-Zhuhai-HK” service, launched in December 2023.
This service offers passengers a seamless transfer experience between the two airports, enhancing connectivity within the Greater Bay Area.
Furthermore, AAHK and Zhuhai Airport are set to develop a high-end aviation industrial park, which aims to boost the regional aviation industry’s growth and enhance the competitiveness of the Greater Bay Area.
In 2022, AAHK secured five-year loan facilities totalling HK$35bn ($4.5bn) from 21 local and international banks to fund its capital expenditure. The deal includes a HK$17.5bn ($2.25bn) term loan tranche and an equal amount in revolving credit.
