Shanghai is the first Mainland city to have two international airports. Pudong Airport, an international hub airport with an extensive global flight network, is supplemented by Hongqiao Airport, a domestic hub airport serving point-to-point coverage. Together, the two airports form the Shanghai aviation hub, handling the worldÃ¢â‚¬™s 11thlargest passenger volume, third-highest airfreight tonnage and 16th-busiest flight movements in 2008.
Upon the completion of Hongqiao AirportÃ¢â‚¬™s expansion in March 2010, the two airports in Shanghai will have a total of four terminals and five runways for a combined annual capacity of 90 million passenger trips and 5.2 million tonnes of cargo.
SAA chairman and president Wu Nianzu said: Ã¢â‚¬Å“Forming the JV will enable us to leverage Hong Kong International Airport (HKIA)Ã¢â‚¬™s wealth of management experience and skills in operating a renowned hub airport, thereby further improving our operating efficiency and management to equip ourselves for the upcoming World Expo. The JV will also contribute to establishing ShanghaiÃ¢â‚¬™s Ã¢â‚¬Ëœfour centresÃ¢â‚¬™, especially that of an international logistics centre as part of the national strategy. It will also boost the Shanghai airportsÃ¢â‚¬™ international competitiveness so that we will better serve the Yangtze River Delta region and the entire nation.Ã¢â‚¬Â
Ã¢â‚¬Å“While Hongqiao Airport is one of the five busiest airports in the Chinese mainland, HKIA is a global and regional aviation hub serving passengers from all over the world,Ã¢â‚¬Â said AAHK CEO Stanley Hui Hon-chung. Ã¢â‚¬Å“The JV will combine and leverage the respective strengths of the two airports. It will also help Mainland airports enhance their operating efficiency and management and become a role model for modern airport management in China.Ã¢â‚¬Â