Hong Kong’s cargo volume saw a year-on-year increase of 4.9 percent to 397,000 tonnes in March, according to the latest statistics from Airport Authority Hong Kong (AA). Despite a decline in transshipments due to lack of belly capacity, the overall cargo volume climbed during the month, on the back of double-digit growth in imports. The airport saw significant traffic to and from the Middle East, Southeast Asia and Taiwan. Over the first three months, cargo handled at HKIA rose 13 percent … [Read more...] about Hong Kong cargo volume up 13 percent in Q1
Airport Authority Hong Kong
Hong Kong extends support to airport community until May
Airport Authority Hong Kong (AA) is extending the relief package for the airport community for another two months to the end of May 2021, in view of the prolonged impact brought by the COVID-19 pandemic. The continuing waiver or reduction of various fees for the aviation industry from April to May 2021 include full waiver of parking charges for idle passenger aircraft and airbridge fees; reduction of passenger aircraft landing charges; fees reduction related to ramp handling, maintenance and … [Read more...] about Hong Kong extends support to airport community until May
HKIA’s cargo volume up 23 percent in February
Airport Authority Hong Kong (AA) last week released the traffic figures of Hong Kong International Airport (HKIA) for February 2021. During the month, cargo throughput was 310,000 tonnes, up 23.3 percent year-on-year increase, whilst freighter movements surged 36.8 percent to 4,615, from the 3,374 recorded during the same month last year. Meanwhile, the airport handled 47,000 passengers and 8,475 flight movements, representing year-on-year drops of 97.5 percent and 53.0 percent, … [Read more...] about HKIA’s cargo volume up 23 percent in February
Joint article: Air cargo heroes go beyond the extra mile
Exceptional times call for exceptional measures. The past year has been a real challenge—and air cargo executives around the world have often asked us, the freight publications, to help express their gratitude to those who have kept the world moving. So nine air freight titles have suspended competitive concerns today to publish an article together: a representative sample of ‘thank yous’ from companies around the world. It acknowledges the work done in a momentous year, 12 months … [Read more...] about Joint article: Air cargo heroes go beyond the extra mile
HKIA: Cargo stays resilient as passenger volume collapses
Hong Kong International Airport’s cargo operations is slowly getting back to the pre-Covid levels as December saw a 0.2 percent year-on-year drop in cargo handled at 443,000 tonnes. HKIA’s total cargo throughput in 2020 remained relatively stable at 4.5 million tonnes, recording a 7 percent year-on-year drop. Cargo imports and exports continued climbed 18 percent and 8 percent, respectively, as the number of cargo flights during the year went up 18.3 percent. Meanwhile, trans-shipments … [Read more...] about HKIA: Cargo stays resilient as passenger volume collapses
HK Airport Authority prices maiden US$1.5 billion perpetual bonds
Airport Authority Hong Kong (AA) today announced its dual-tranche debt securities offering of US$1.5 billion, split between US$750 million non-call 5.5-year and US$750 million non-call 7.5-year perpetual capital securities. The transaction marks the Airport Authority's first foray into the perpetual bond market, which is also the first US dollar senior perpetual offering in the public bond market from an airport globally. The proceeds from the securities will be used to fund AA’s capital … [Read more...] about HK Airport Authority prices maiden US$1.5 billion perpetual bonds
