Introduction

In a significant move to strengthen its foothold in the Greater Bay Area, Airport Authority Hong Kong (AAHK) has announced that it will acquire a 35% stake in Zhuhai Jinwan Airport (ZUH) for CNY4.3 billion (approximately $592 million). This strategic decision was formalized on November 26, marking a crucial step in AAHK’s vision to develop a network of operational facilities across the bustling bay area.

Partnership and Management Expansion

Since 2006, AAHK has played a pivotal role in assisting the Zhuhai Municipal Government with airport management, and this new stake acquisition is set to further solidify that partnership. Notably, AAHK’s subsidiary, the Hong Kong-Zhuhai Airport Management Company Limited, will extend its operational and management authority over ZUH until 2046, ensuring long-term growth and stability for the airport.

Airport Growth and Capacity

In recent years, Zhuhai Jinwan Airport has illustrated impressive growth, processing around 11 million passengers in 2023 and ranking as the 35th busiest airport in China. Within Guangdong province, it proudly claims the third spot, following the renowned Guangzhou Baiyun Airport and Shenzhen Bao'an Airport. Notably, ZUH is currently in the final stages of constructing a second terminal, slated for completion in 2025, which will significantly boost its handling capacity to an impressive 27 million passengers annually.

Enhanced Connectivity

As a testament to increased connectivity in the region, the AAHK recently launched the innovative 'Fly-Via-Zhuhai-HK' service in December 2023. This initiative, facilitated by the Hong Kong–Zhuhai–Macau Bridge, allows passengers from mainland China to seamlessly transfer from ZUH to Hong Kong International Airport by coach on an airside transfer basis. This development promises to enhance the travel experience for those navigating the dynamic Greater Bay Area.

Operational Landscape and Future Prospects

Remarkably, data from CAPA/OAG indicates that Zhuhai Jinwan Airport currently accommodates 28 airlines, forging connections to 53 cities across China. The most popular destinations from ZUH include major hubs like Beijing Daxing, Beijing Capital, Nanjing, and Chongqing, showcasing its role as a vital link in the aviation market.

Conclusion

The timing of this stake acquisition is notable, coinciding with the upcoming implementation of the Three Runway System at Hong Kong International Airport on November 28. As the aviation landscape undergoes substantial changes, this strategic investment by AAHK sets the stage for enhanced cooperation and growth in one of the most vibrant economic regions in the world. Stay tuned for more developments as Hong Kong strengthens its position as a key player in global aviation!