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Home >> Business
UPDATED: 10:50, March 25, 2006
British airport company BAA shows interest in China's middle-scale airports
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The world's leading airport company, the Britain-based BAA, is interested in investing in some middle-scale Chinese airports, said Friday's Beijing News.

BAA is interested in those airports which have opened international air flights and have had an annual passenger volume of around 5 million journeys, said the newspaper, quoting a senior official with the BAA.

Currently, there are about 14 Chinese airports meeting the BAA's conditions and most of them are airports in provincial capitals.

Large Chinese airports like Beijing, Shanghai and Guangzhou airports are not on the list for BAA's China strategy, said the BAA official.

Statistics from the BAA said that about 142 Chinese airports are experiencing losses and are thirsty for investment.

To date, foreign capital is only allowed a limited stake in Chinese airports, with the Chinese operators owning a controlling stake.

Source: Xinhua


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