The Yunnan Airport Group, a majorairport operator in China’s southwest region,is seeking a strategic global investorto help fund a new US$2.7 billion airportin the provincial capital of Kunming. Thestrategic investor will only be allowed tomake a cash investment for a minoritystake in the new airport, as stipulated inChina’s aviation regulations. Yunnan AirportGroup aims to make the new airportthe fourth largest in mainland China interms of cargo and passenger traffic. Completiondate is set for 2010, and the grouphopes that by 2020 traffic at the airport willrise to 1.3 million tonnes. The Airport Authorityof Hong Kong, Macquarie Group,and the operators of Singapore’s ChangiAirport and Frankfurt Airport are amongthe interested parties.