Through the nose: Hongkong's new airport fees upset carriers
Article Abstract:
International carriers servicing Hong Kong are opposed to the Hong Kong government's plans to raise airport fees. Although the raise was expected by most airlines, increases in excess of 17% were deemed alarming. This shows that carriers are being made to shoulder a major part of the construction costs of Chek Lap Kok airport. Original plans to generate construction financing from higher landing and parking charges initially met with opposition from carriers in 1990. Even Hong Kong-based Cathay Pacific Airways is not immune to the price hikes, which were geared to prevent a transfer of debt to Peking after the colony's return to Chinese rule in 1997.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Hubs under pressure
Article Abstract:
The projected sharp increase in the number ofairline passengers in the Asia-Pacific region poses a problem to both airports and airlines. The International Air Transport Assn, a group composed of international airlines servicing the world, forecasts the number of passengers to rise to 132 million in 1995 and 189 million in the year 2000 from 87 millionin 1990. The addition of more airplanes to fly traditional and new routes is one solution to the problem. However, the other solution which is the construction of larger airports, requires massive funding and the cooperation of different governments.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Runway inflation
Article Abstract:
The economic development of southern China has triggered the construction of new airports in Hong Kong, Shenzhen and Macau. The delayed development of the airports has been caused partly by questions of territorial control over Hong Kong and Macau and by political indecision. The construction of Shenzhen airport has proven to be economically beneficial to China in view of the lessening traffic in the overcrowded Canton airport. Although the development of new airports has been set in motion, China still has to come up with air traffic standards for them.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Comment about this article or add new information about this topic:
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