16 MARCH 2015

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Article from BTNews 16 MARCH 2015

The third runway Hong Kong

Cathay Pacific Airways has reiterated its unequivocal support for the building of a third runway at Hong Kong International Airport (HKIA). The airline believes this is the only viable way to ensure the long-term competitiveness of Hong Kong as a premier aviation hub to support tourism, international trade, logistics, finance and professional services.  Work is hoped to start next year.  In 2014 63m passengers moved through the airport, also the world’s largest air cargo hub.

Ivan Chu, Chief Executive, Cathay Pacific, said: “It is certain that the airport will reach capacity well before a third runway could be built, which is of great concern when we are seeing increasing competition from other rapidly expanding hubs in the region.”

Cathay Pacific supports the views of Tony Tyler, Director General of International Air Transport Association (IATA). 

“Could a third runway be developed without increasing charges, without placing a burden on taxpayers, without making it more expensive for travellers, without adding an extra burden to shippers and while increasing the hub’s competitiveness? It’s an ambitious undertaking but I believe that the answer is yes,” he added.

Cathay Pacific believes that the construction of the third runway can be self-funded through existing income streams, especially as the number of passengers moving through the airport continues to grow.  www.hongkongairport.com    www.cathaypacific.com  www.iata.org

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