Government to boost aviation finance

Air transport directly contributes some 2.5 to 3% of Hong Kong’s GDP.

This has not included the indirect and induced value added of aviation-related and non-aviation businesses at the airport.

In his remarks at a luncheon seminar in London on March 3, Secretary for Transport & Housing Prof Anthony Cheung said that currently, the Hong Kong International Airport hosts more than 100 airlines. "We have over 1,100 flights every day, connecting to some 190 international destinations, including some 40 on Mainland China. The Hong Kong International Airport has been the busiest cargo hub of the world for six consecutive years, and is also the third busiest international passenger airport. In 2016, it handled over 70 million passengers and 4.5 million tonnes of cargo."

"To cope with the ever-increasing air traffic demand, we have embarked on a three-runway system project, comprising the third runway, a new concourse and other supporting facilities. This eight-year project has commenced works last August. When the three-runway system is fully commissioned, the Hong Kong International Airport's handling capacity will leapfrog to handle about 100 million passengers and nine million tonnes of cargo a year," he added. 

Read the full remarks here.