Introduction

In a significant development for air travel in the region, the Airport Authority Hong Kong (AAHK) has officially entered a partnership with Zhuhai Transportation Holdings Group. On November 26, the two entities inked a shareholding cooperation agreement in Zhuhai, marking a pivotal moment for both airports and enhancing regional connectivity.

Investment Details

As part of the agreement, AAHK plans to invest roughly RMB 4.3 billion, which is equivalent to nearly USD 600 million, to acquire a substantial 35% stake in Zhuhai Airport. This investment not only strengthens the relationship between the two parties but also extends the operational and management rights of Zhuhai Airport Management Co., Ltd., a subsidiary of AAHK, through 2046.

Fly Via Zhuhai-Hong Kong Program

One of the most exciting aspects of this partnership is the introduction of the "Fly Via Zhuhai-Hong Kong" program, launched in collaboration with the Zhuhai municipal government. Slated to kick off on December 12, 2023, this initiative aims to leverage the Hong Kong-Zhuhai-Macao Bridge’s existing land connectivity, making travel more convenient for passengers from mainland China looking to catch international flights via Hong Kong.

Infrastructure Improvements

Despite its past performance, Zhuhai Airport is actively working to enhance its infrastructure and overall capacity. Currently, the construction of the new T2 terminal is progressing at an impressive rate, with about 90% of the project already completed. The terminal is anticipated to be largely operational by the end of this year, with final acceptance and testing scheduled for May 2025.

Conclusion

As the Greater Bay Area continues to evolve into a key economic hub, this new investment from the Airport Authority Hong Kong is anticipated to invigorate Zhuhai Airport's role in facilitating both domestic and international travel significantly. Stay tuned as this story unfolds and see how this strategic move will change the travel landscape in the region!