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
Airport Authority Hong Kong
HKIA hosts first online job fair with over 500 open posts
The Airport Authority and Hong Kong’s Labour Department jointly kicked off the first Hong Kong International Airport (HKIA) Virtual Job Fair, which will run from 12 to 13 November. Over 500 job openings with around 30 companies across the airport community are up for grabs, covering different aspects of airport operations, including air cargo, airport security, baggage handling, technical services, engineering, and customer service. Also read: Is Hong Kong ready to move a … [Read more...] about HKIA hosts first online job fair with over 500 open posts
Is Hong Kong ready to move a vaccine?
As the world’s busiest air cargo hub, Hong Kong airport and its partner ground handlers and ramp handling operators have a huge role to play in the transport of a Covid-19 vaccine not just in Asia Pacific but across the globe. Describing it as the “biggest product launch ever,” players in the global pharma supply chain are scrambling to prepare for the massive logistics this would entail, albeit faced with a few unknowns, such as packaging, product specifications, volume … [Read more...] about Is Hong Kong ready to move a vaccine?
HKIA’s cargo volume dips 4.4 percent in September
Hong Kong International Airport (HKIA) reported a slide in cargo volume for September despite uptick in imports and exports as capacity remains constrained. The world’s busiest air cargo hub saw freighter movements improve from last month’s 21.5 percent, up 25 percent compared to the same month last year. However, this was not enough to hoist the volume as it dipped 4.4 percent from September 2019. Cargo volume in August was down 3.5 percent year on year. Also read: HKIA: Cargo steady in … [Read more...] about HKIA’s cargo volume dips 4.4 percent in September
Hong Kong’s waiver on airport fees extended until year-end
Hong Kong has extended the relief package for the aviation industry for another two months until the end of 2020, which includes the waiver or reduction of various fees announced in August. The Airport Authority Hong Kong said it made the move “in response to the ongoing challenges arising from the COVID-19 pandemic.” The continued relief measures include the following: Full waiver of parking charges for idle passenger aircraft and airbridge fees … [Read more...] about Hong Kong’s waiver on airport fees extended until year-end
HKIA aims to restore passenger confidence in air travel with health accreditation
The Hong Kong Airport Authority is working with the airport community and the Government to restore confidence in passengers by prioritising public health in the Hong Kong International Airport’s daily operations, even as passenger demand is unlikely to The HKIA has been accredited under the Airport Health Accreditation (AHA) programme of the Airports Council International (ACI) for the next 12 months, a press release stated. Launched in July 2020, the AHA programme was established to … [Read more...] about HKIA aims to restore passenger confidence in air travel with health accreditation
