The Airport Authority Hong Kong has signed a five-year, US$600 million evolving credit facility with 21 local and international banks participating, to help finance the expansion to a three-runway airport. Jack So Chak-kwong, the authority’s chairman, said a third runway is vital for HKIA’s cargo business, which handled 4.38 million tonnes in 2014 – a 6.0 per cent rise over the previous year. For the first six months of 2015, cargo traffic at HKIA was mostly flat, rising just 0.6 per cent, … [Read more...] about HK signs loan US$600m loan deal for third runway
Hong Kong International Airport
NZ$1 million ‘lost’ at HKIA under Cathay's care
Cathay Pacific’s procedures at Hong Kong International Airport have come under scrutiny after after one of 13 bags containing NZ$1 million (US$660,235) went missing during transfer from an aircraft to the cargo terminal. The incident happened on Friday night when a luggage box labeled 'G4S International' – a UK security firm – carrying 13 cash bags with about NZ$10 million was bound for the Bank of China. The money was reportedly transferred to the Cathay Pacific Cargo Terminal from the aircraft … [Read more...] about NZ$1 million ‘lost’ at HKIA under Cathay's care
NZ$1 million ‘lost’ at HKIA under Cathay’s care
Cathay Pacific’s procedures at Hong Kong International Airport have come under scrutiny after after one of 13 bags containing NZ$1 million (US$660,235) went missing during transfer from an aircraft to the cargo terminal. The incident happened on Friday night when a luggage box labeled 'G4S International' – a UK security firm – carrying 13 cash bags with about NZ$10 million was bound for the Bank of China. The money was reportedly transferred to the Cathay Pacific Cargo Terminal from the … [Read more...] about NZ$1 million ‘lost’ at HKIA under Cathay’s care
Hong Kong sees flat cargo traffic in first half
Hong Kong International Airport (HKIA) handled 2.1 million tonnes of cargo for the first half of 2015, up 0.6 per cent from the same period last year. Throughput for the first half of the year was affected by a drop in exports but is expected to consolidate for the rest of the year, the Hong Kong Airport Authority said. On a rolling 12-month basis, the airport handled 4.4 million tonnes of cargo, up 3.2 per cent from the previous 12 months. The airport handled 349,000 tonnes of cargo from … [Read more...] about Hong Kong sees flat cargo traffic in first half
Ten-year extension for Hactl
Hong Kong Air Cargo Terminals Limited (Hactl) has signed a new, 10-year extension of its handling franchise at the airport. The new agreement with Hong Kong’s Airport Authority runs from July 2018, when the current franchise expires. Hact chief executive Mark Whitehead said: “I don’t believe we can send a clearer signal about our total commitment both to the airport and to the future of our business. Hactl is here to stay. “We are also committed to on-going … [Read more...] about Ten-year extension for Hactl
Ten-year extension for Hactl
Hong Kong Air Cargo Terminals Limited (Hactl) has signed a new, 10-year extension of its handling franchise at the airport. The new agreement with Hong Kong’s Airport Authority runs from July 2018, when the current franchise expires. Hact chief executive Mark Whitehead said: “I don’t believe we can send a clearer signal about our total commitment both to the airport and to the future of our business. Hactl is here to stay. “We are also committed to on-going … [Read more...] about Ten-year extension for Hactl
