Wednesday Mar 12 2008
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New fees cut Shanghai Int'l Airport income 10 pct
Published: Mar 12, 2008
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Shanghai International Airport Co , which operates the city's main international airport, said on Wednesday that a new fee structure would reduce its income by about 10 percent.
China's aviation regulator announced in January that the country's airports would be required to cut landing and take-off fees for foreign airlines, to bring them into line with fees paid by Chinese airlines and improve the competitiveness of the airport industry.
Shanghai International Airport said on Wednesday that its new fee structure had taken effect on March 1. It did not elaborate on the impact.
In an earlier, preliminary report on its 2007 earnings, the company said its total income last year rose 6 percent to 3.14 billion yuan .
CAAC will unveil a plan to reform the charging system for airlines using domestic airports from March 1, 2008. The main aim of this reformation is to coordinate the common interests of airports and airlines which does not involve the adjustment of passenger charges and will not result in rising civil airline ticket prices.
Mr. Yang Yuanyuan, former Minister of CAAC , was there at Aviation Expo/China 2007 with us
Mr. Gao Hongfeng, Vice Minister of CAAC, was there at Air Show China 2002 with us
Mr. Yang Guoqing, Vice Minister of CAAC, was there at Aviation Expo/China 2005 with us | Video
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