Airport Authority Signs Agreement on $400 Million Expansion of Hong Kong Business Aviation Centre
Press Release
Excerpt
(HONG KONG, 27 April 2021) – To further enhance the competitiveness of Hong Kong as an international aviation hub and in support of Hong Kong’s continuous development as the region’s premier centre for international businesses, Airport Authority Hong Kong (AA) is working with the Hong Kong Business Aviation Centre (HKBAC) in the implementation of the latter’s HK$400 million expansion of business aircraft facilities at Hong Kong International Airport (HKIA).
Jack So, Chairman of the AA and Fred Lam, Chief Executive Officer of the AA, witnessed the signing of agreement on the HKBAC expansion project, together with the representatives of the key shareholders of HKBAC Ltd, Raymond Kwok, Chairman and Managing Director of Sun Hung Kai Properties Ltd, and Sir Michael Kadoorie, Director of HKBAC Ltd.
Mr So said, “The HKBAC expansion plan will help further attract global businesses to set up regional headquarters and offices in Hong Kong, taking advantage of HKIA’s unique geographical location and connectivity that enables business executives to reach major Asian markets within five hours.”
Under the expansion project, the site area of HKBAC in its existing location will be expanded by half from 16,000m² to 24,500m². The Executive Terminal of HKBAC will be expanded four times to 4,800m² and a new building will be added to provide more customer facilities, including enhanced Customs, Immigration and Quarantine (CIQ) facilities and a canopy for passengers at the apron. Other existing facilities, including the passenger lounge, air crew facilities and VIP lounge will also be enhanced. Upon completion of the expansion in 2025, the annual handling capacity of business aircraft flight movement at the HKBAC will be doubled.
More :
https://www.hongkongairport.com/en/m...e/2021/pr_1545