Hong Kong opens third airport runway with marginal gain in landing slots
Hong Kong’s third airport runway officially starts operating on Thursday, but there’ll be hardly any additional flight capacity for at least another year. Aircraft movement will grow only up to 4% next summer season — March to October 2025 — according to documents published by the city’s Civil Aviation Department. The slow ramp-up reflects the city’s sluggish aviation recovery after the pandemic. Incumbent airline Cathay Pacific Airways Ltd. is not yet back to full strength and the airport is struggling to appeal to major foreign airlines — particularly those who need to fly around Russian airspace, forcing a longer round trip. More broadly, Hong Kong is still suffering a reputational hit from street protests and pandemic policies that set back the economy, tourism and businesses. While overall visitor arrivals to the city is roughly back to the pre-pandemic levels, many people are now coming from mainland China via land or sea. The new runway is “going to be there for a long, long time,” said Vivian Cheung, acting CEO of operator Airport Authority Hong Kong. “We didn’t want to use up this runway all in one or two seasons. Even our base carrier needs time to ramp up its flights.” The transformational effect the HK$141.5b ($18.2b) airport upgrade is meant to have on the Asian financial hub’s economy and tourism industry may therefore take longer to realize. The city has a lot riding on the project in its quest to stay abreast of Singapore as a key regional hub. It “may well be the single most important key of Hong Kong’s sustained success as a leading international aviation hub,” said Deputy Financial Secretary Michael Wong last month. The documents published by the city’s Civil Aviation Department show officials plan to lift total runway capacity to 1,453 take-offs and landings per day by next summer compared to the same period this year. HKIA said the expanded passenger buildings associated with the third runway, will be commissioned in phases from the end of 2025, confirming an earlier Bloomberg News report.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-11-28/general/hong-kong-opens-third-airport-runway-with-marginal-gain-in-landing-slots
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Hong Kong opens third airport runway with marginal gain in landing slots
Hong Kong’s third airport runway officially starts operating on Thursday, but there’ll be hardly any additional flight capacity for at least another year. Aircraft movement will grow only up to 4% next summer season — March to October 2025 — according to documents published by the city’s Civil Aviation Department. The slow ramp-up reflects the city’s sluggish aviation recovery after the pandemic. Incumbent airline Cathay Pacific Airways Ltd. is not yet back to full strength and the airport is struggling to appeal to major foreign airlines — particularly those who need to fly around Russian airspace, forcing a longer round trip. More broadly, Hong Kong is still suffering a reputational hit from street protests and pandemic policies that set back the economy, tourism and businesses. While overall visitor arrivals to the city is roughly back to the pre-pandemic levels, many people are now coming from mainland China via land or sea. The new runway is “going to be there for a long, long time,” said Vivian Cheung, acting CEO of operator Airport Authority Hong Kong. “We didn’t want to use up this runway all in one or two seasons. Even our base carrier needs time to ramp up its flights.” The transformational effect the HK$141.5b ($18.2b) airport upgrade is meant to have on the Asian financial hub’s economy and tourism industry may therefore take longer to realize. The city has a lot riding on the project in its quest to stay abreast of Singapore as a key regional hub. It “may well be the single most important key of Hong Kong’s sustained success as a leading international aviation hub,” said Deputy Financial Secretary Michael Wong last month. The documents published by the city’s Civil Aviation Department show officials plan to lift total runway capacity to 1,453 take-offs and landings per day by next summer compared to the same period this year. HKIA said the expanded passenger buildings associated with the third runway, will be commissioned in phases from the end of 2025, confirming an earlier Bloomberg News report.<br/>
