AAHKAirport Authority Hong Kong
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AAHK attributed the increase in operating expenses in fiscal year 2012-2013 to inflationary pressures, strong traffic growth and the additional three-runway system consultancy and other related expenses incurred during the year.
The submission has been made after the government's approval in principle for AAHK to adopt for planning purpose the three-runway system as the future development option for HKIA, and it is said to also mark the beginning of the project's statutory Environmental Impact Assessment (EIA) process under the Environmental Impact Assessment Ordinance (EIAO).
AAHK also said that the government has approved it's recommendation to proceed with the statutory Environmental Impact Assessment (EIA) process and the preparation of the associated design details of the facilities under a three-runway system.
At the same time, the agency lifted to AA+ from AA the foreign currency senior unsecured ratings of AAHK.
Mr Chai will be responsible for planning, developing and implementing AAHK's numerous expansion projects to meet Hong Kong International Airport's (HKIA) medium- and long-term growth demands, including the provision of additional aircraft parking stands, the development of the midfield and the planned expansion into a three-runway system.
In late May, the airport made significant progress in its push for a third runway, with AAHK submitting its project profile to the Director of Environmental Protection; this action launches a probe into the environmental impact of a three-runway system, according to the press release.
The Airport Authority Hong Kong (AAHK) on Monday announced that it has extended chief executive officer Stanley Hui Hon-chung's service term by two years, effective from 1 February 2013.
Airport Authority Hong Kong (AAHK) on Wednesday unveiled its HKD2.2bn West Apron development.
Airport Authority Hong Kong (AAHK) has appointed C K Ng as Executive Director of Airport Operations.
In the meantime, carriers rescheduled their flights, while AAHK and the Civil Aviation Department worked with them to coordinate the revised scheduling.