By South China Morning Post | Created at 2024-11-26 11:11:42 | Updated at 2024-11-26 13:40:26
2 hours ago
The operator of Hong Kong airport has bought a 35 per cent share in neighbouring Zhuhai airport for 4.3 billion yuan (HK$4.62 billion), bringing the two closer and boosting the development of the Greater Bay Area as an aviation cluster.
The Airport Authority, which manages Hong Kong International Airport (HKIA), said on Tuesday it had signed an agreement with Zhuhai Transportation Holding Group.
The authority said the deal would bolster cooperation between the two and the development of “a world-class airport cluster” in the Greater Bay Area and the region’s aviation industry.
The deal values Zhuhai airport at 13.2 billion yuan.
The authority would further capitalise on strengths of the two airports by leveraging on the convenience brought by the Hong Kong-Zhuhai-Macau Bridge, chairman Fred Lam Tin-fuk said.
“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 Greater Bay Area to enjoy the global connectivity provided by HKIA’s extensive aviation network, achieving mutual benefits,” he said.
