HK$7 million payouts on offer to airlines as Hong Kong airport bids to fill new runway slots
South China Morning Post
Excerpt
July 16, 2024
Hong Kong’s Airport Authority has offered a subsidy carrot of up to HK$7 million (US$897,000) a year to airlines that launch a new daily route as part of a bid to fill up extra capacity created by a third runway.
Chapman Fong Shui-man, the authority’s deputy director of operations, on Tuesday explained the incentive was part of a two-pronged plan designed to encourage airlines to add new destinations and increase the number of long-haul routes as the airport prepared to open its three-runway system before the end of the year.
“We will accept as many flights and routes as possible to fulfil the target of returning to pre-pandemic passenger traffic by the end of the year,” he said.
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