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
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Hong Kong International Airport
Hong Kong still busiest air cargo hub as virus depletes H1 volume
Hong Kong International Airport retained its position as the world’s busiest air cargo hub, despite seeing cargo volume drop 10.6 percent compared to the first half of last year, data from Airports Council International (ACI World) revealed. The top three spots showed no change from 2018, as Memphis (MEM; home hub of FedEx) and Shanghai (PVG) followed Hong Kong (HKG) to take the second and third spots, respectively. Louisville (SDF; hub for UPS) moved up three places to no. 4, whilst … [Read more...] about Hong Kong still busiest air cargo hub as virus depletes H1 volume
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
HKIA: Cargo steady in August as passenger demand stays flat
Travel demand stayed flat to none as the Airport Authority Hong Kong's latest traffic figures for Hong Kong International Airport (HKIA) recorded a whopping 98.6 percent and 72.0 percent drop year on year for the month of August. Cargo volume in August remained steady at 374,000 tonnes, sliding 3.5 percent from last year, whilst freighter flights saw 21.5 percent uptick to 5,960, up from the same period of last year’s 4,906. Cargo trans-shipments slowed down due to shortage of belly … [Read more...] about HKIA: Cargo steady in August as passenger demand stays flat
Hong Kong sees 21.0 percent jump in freighter traffic for July
Hong Kong International Airport saw freighter movements jump 21.0% year-on-year in July as exports and imports climbed 7% and 4%, respectively, data from the Airport Authority Hong Kong showed. Hong Kong's total cargo volume in July slid 7.3 percent to 372,000 tonnes compared to the same month last year, but was relatively steady in comparison with the drop in passenger throughput, which plunged 98.6% and 73.2% year-on-year to 96,000 passengers and 9,870 flight movements, … [Read more...] about Hong Kong sees 21.0 percent jump in freighter traffic for July
Significant growth for HKIA in first half of 2017
Hong Kong International Airport (HKIA) recorded growth in all three air traffic categories in the first half of 2017, highlighted by significant growth in cargo throughput. From January to June this year, HKIA handled 2.3 million tonnes of cargo, soaring 11.3% over the same period last year. Passenger throughput and flight movements climbed 1.3% and 0.9% year on year to 35.7 million and 206,560 respectively. Passenger traffic was driven by the continued growth of travel among Hong … [Read more...] about Significant growth for HKIA in first half of 2017
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