HK, Shanghai airport cooperation will boost business: official

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Last updated at: (Beijing Time) Thursday, October 30, 2003

HK, Shanghai airport cooperation will boost business: official

Co-operation between Hong Kong and Shanghai airports could create more business opportunities for the two cities, Hong Kong Secretary for Economic Development and Labor Stephen Ip said Wednesday.

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Co-operation between Hong Kong and Shanghai airports could create more business opportunities for the two cities, Hong Kong Secretary for Economic Development and Labor Stephen Ip said Wednesday.

He said in the Legislative Council that by complementing each other's strengths the airports could enhance the cities' business environment.

Both airports are regional hubs and the country's aviation gateways, and competition between them is not significant as both enjoy an extensive aviation network, said Ip.

"We have also maintained close contact with the relevant mainland authorities on whether Shanghai is opening up its fifth-freedom traffic rights," he said, adding Hong Kong government is monitoring closely the liberalization of traffic rights at major airports in the region, including those in the mainland.

The granting of fifth-freedom rights by one airport authority to its aviation partner is to allow the latter's airlines to carry passenger and cargo traffic to and from a third jurisdiction.

However, such operators must also secure the necessary fifth-freedom rights from the third jurisdiction before traffic can be carried.

Ip said the Shanghai/HK Economic & Trade Co-operation Conference held recently fully recognized the importance of strengthening co-operation between the two airports. ��

Hong Kong Airport Authority and the Shanghai Airport (Group) Company have also discussed ways to enhance co-operation and signed a letter of intent on the co-operation framework as a basis for further detailed discussion.

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