Airport Authority Hong Kong has announced its operating results for the six months ended September 30, 2014. It reported revenue of HK$8.02bn, an increase of 9.3% over the first half of 2013. The airport also handled 2.19m tonnes of cargo and 196,000 flight movements, representing year-on-year increases of 7.4% and 4.8% respectively.
Fred Lam, Chief Executive Officer of Airport Authority Hong Kong said, “The satisfactory first-half results were due to steady growth in air traffic, prudent financial control over expenses and increasing passenger spending. Because air traffic volume at Hong Kong International Airport is growing at a faster-than-expected rate, we have been working on a number of projects, including the West Apron and the Midfield, to ensure that the airport is well equipped to meet its anticipated medium-term demand.”
Announced in 2012, the HK$2.2bn West Apron development is designed to meet rising demand for aircraft parking spaces due to growing air traffic, continuous fleet expansions by airlines and the introduction of new types of aircraft. It is expected to be completed at the end of 2014, on schedule and within budget. It will offer 28 new parking stands, four of them serving new aircraft types with longer fuselages such as the A380 and B747-8.
The five-level Midfield Concourse, located west of Terminal 1, is a core part of the airports Midfield Development. The concourse will be equipped with 20 new aircraft parking stands. Its construction is expected to be completed by the end of 2015.
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