DHL Express announced a €335 million expansion plan for its Central Asia Hub (CAH), in partnership with the Airport Authority Hong Kong. This expansion brings DHL's commitment to this strategic hub to over €520 million, making it the largest infrastructural investment by DHL Express in Asia Pacific to date. The expansion is timely as the CAH has recorded an average 12% year-on-year growth in its shipping volume in the past decade. As one of three global hubs for DHL, … [Read more...] about DHL’s €335 million Central Asia Hub expansion
Airport Authority Hong Kong
HK signs loan US$600m loan deal for third runway
The Airport Authority Hong Kong has signed a five-year, US$600 million evolving credit facility with 21 local and international banks participating, to help finance the expansion to a three-runway airport. Jack So Chak-kwong, the authority’s chairman, said a third runway is vital for HKIA’s cargo business, which handled 4.38 million tonnes in 2014 – a 6.0 per cent rise over the previous year. For the first six months of 2015, cargo traffic at HKIA was mostly flat, rising just 0.6 per cent, … [Read more...] about HK signs loan US$600m loan deal for third runway
HK secures environmental permit for third runway
The Airport Authority Hong Kong (the AA) has been granted an environmental permit (EP) by the Environmental Protection to approve the Environmental Impact Assessment (EIA) report for the proposed expansion of Hong Kong International Airport into a three-runway system (3RS). Fred Lam, chief executive officer of the AA, said, “We are delighted to obtain the EP. It marks a major step in Hong Kong’s pursuit of strengthening its long-term competitiveness and leading aviation hub … [Read more...] about HK secures environmental permit for third runway
Hong Kong and Shanghai Airports in new JV
Shanghai Airport Authority (SAA) and Airport Authority Hong Kong (AAHK) signed a cooperation agreement in Shanghai today for the establishment of the Shanghai Hong Kong Airport Management Co., Ltd (JV). The jointventure company is aimed at enhancing collaboration between and further develop the strengths of the airports in Shanghai and Hong Kong, the two said. Shanghai is the first Mainland city to have two international airports. Pudong Airport, an international hub airport with an … [Read more...] about Hong Kong and Shanghai Airports in new JV