Friday Mar 14 2008
All times are Beijing time
All times are Beijing time
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Pudong warns of income drop
Published: Mar 14, 2008
Shanghai Pudong International Airport says that a new fee structure announced by China's aviation regulator in January will reduce its income by about 10%.
The revised fee structure will require the country's airports 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.
Officials from the airport say that the new fee structure took effect on 1 March 1.
In an earlier, preliminary report on its 2007 earnings, the company reported that total income last year rose 6% to USD$442 million (Yuan 3.14 billion).
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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