AAHK Acquires Shares in Zhuhai Airport

(Hong Kong, 26 November 2024, 1700hrs)  –  Airport Authority Hong Kong (AAHK) today signed an agreement with Zhuhai Transportation Holdings Group in Zhuhai on acquisition of shares in Zhuhai Airport.

Under the Agreement of Shares Acquisition, AAHK will invest around CNY4.3 billion to acquire 35% of Zhuhai Airport's shares, with a view to promoting further cooperation between Hong Kong International Airport (HKIA) and Zhuhai Airport, as well as the development of a world-class airport cluster in the Greater Bay Area (GBA) and the region’s aviation industry.

The agreement was signed by Vivian Cheung, Acting Chief Executive Officer of AAHK and Chen Weijia, Chairman of Zhuhai Transportation Holdings Group, and witnessed by Huang Zhihao, Mayor of the Zhuhai Municipal Government; Yang Chuan, Member of the Standing Committee of the CPC Zhuhai Municipal Committee and Deputy Mayor of the Zhuhai Municipal Government; Huang Zhenqiu, Deputy Mayor of the Zhuhai Municipal Government; Huang Shengpeng, Second-level Inspector of Policy Innovation Division of The Greater Bay Area Office of People’s Government of Guangdong;  Lam Sai-hung, Secretary for Transport and Logistics of the Hong Kong Special Administrative Region; and Fred Lam, Chairman of AAHK.

Fred Lam, Chairman of AAHK, said, “Thank to the strong support of the Central Government and Guangdong Provincial Government, the Hong Kong and Zhuhai airports have been deepening our cooperation. With AAHK’s acquisition of shares in Zhuhai Airport, we will further capitalise on strengths of the two airports by leveraging the convenience brought by the Hong Kong-Zhuhai-Macao Bridge. This will not only bring more passenger and cargo traffic to Zhuhai Airport, but also enables travellers from Zhuhai and other cities in the western part of the GBA to enjoy the global connectivity provided by HKIA’s extensive aviation network, achieving mutual benefits.”

Meanwhile, Hong Kong-Zhuhai Airport Management Company Limited, a subsidiary of AAHK, will extend its management rights for the operation and management of Zhuhai Airport to 2046.

Since 2006, AAHK has been collaborating with the Zhuhai Municipal Government on managing Zhuhai Airport, enhancing the airport’s operation efficiency, service quality and management standards. Zhuhai Airport’s passengers and cargo volumes have continued to grow. In 2023, Zhuhai Airport handled over 11 million passengers, ranking 35th among airports in the Mainland and third in Guangdong, only behind Guangzhou Baiyun Airport and Shenzhen Bao'an Airport.

Under Zhuhai Airport’s expansion plan, Zhuhai Airport will be able to handle over 27 million passengers annually upon the opening of its new Terminal 2, targeted for 2025.

HKIA has also collaborated with Zhuhai Airport in various projects, including the “Fly-Via-Zhuhai-HK” service, officially launched in December 2023. It provides passengers with seamless “air-to-bridge-to-air” transfer between HKIA and Zhuhai Airport. Passengers from other Mainland cities can fly to Zhuhai Airport and then take a transfer coach via the HZMB directly to the SkyPier Terminal inside HKIA’s restricted area, from which they will proceed to the boarding gates for transfer to destinations worldwide. This service also allows passengers from the western part of the GBA to travel to HKIA’s restricted area via the HZMB, enhancing its connectivity with the GBA.

Additionally, AAHK and Zhuhai Airport will develop a high-end aviation industrial park, with a view to boosting the development of the aviation industry in the GBA and enhancing the competitiveness of the region.