AAHK signs $4.62b agreement to acquire Zhuhai Airport

Secretary for Transport & Logistics Lam Sai-hun witnessed the signing ceremony.

The Airport Authority Hong Kong has acquired 35% shares in Zhuhai Airport for $4.62b.

Secretary for Transport & Logistics Lam Sai-hung visited Zhuhai to attend and witness the signing ceremony of the AAHK's equity acquisition of Zhuhai Airport.

The Agreement of Shares Acquisition concerning the equity acquisition of Zhuhai Airport was signed by AAHK Acting Chief Executive Officer Vivian Cheung and Zhuhai Transportation Holdings Group Chairman Chen Weijia.
Lam, CPC Zhuhai Municipal Committee Deputy Secretary and Zhuhai Mayor Huang Zhihao, as well as AAHK Chairman Fred Lam, witnessed the signing ceremony.

The Transport & Logistics Bureau explained that the Zhuhai Municipal Government and the AAHK have been jointly operating and managing Zhuhai Airport since 2006

It also pointed out that the commissioning of the Hong Kong-Zhuhai-Macao Bridge has shortened the travelling distance between Hong Kong and Zhuhai, creating favourable conditions for the two places to further strengthen collaboration in their airports and aviation industries.

With the support of the central government, the AAHK and the Zhuhai Municipal Government have been pressing ahead with the AAHK's equity acquisition of Zhuhai Airport according to market principles in the past few years to promote a deeper cooperation between the two airports.