Shanghai Airport Authority (SAA) and Airport Authority Hong Kong (AAHK) have agreed to establish the Shanghai Hong Kong Airport Management Co., Ltd.

The joint-venture company will enhance collaboration between and further develop strengths of the airports in Shanghai and Hong Kong.

The signing ceremony was witnessed by Han Zheng, Deputy Secretary of the Communist Party of China (CPC) Shanghai Municipal Committee and Mayor of Shanghai, Henry Tang Ying-yen, Chief Secretary for Administration of the HKSAR, Eva Cheng, Secretary for Transport and Housing of the HKSAR, and Dr Marvin Cheung Kin-tung, Chairman of AAHK. Wu Nianzu, Chairman and President of SAA, and Stanley Hui Hon-chung, Chief Executive Officer of AAHK, signed the agreement on behalf of the respective parties.

In October 2003, SAA and AAHK signed a letter of intent (LoI) on closer cooperation under the Shanghai Municipal People’s Government’s call for enhancing Shanghai-Hong Kong collaboration in eight areas, including airports, marine logistics and the World Expo.

Under the LoI signed in Hong Kong, a series of cooperation initiatives, from training and development to business consultation, have been launched in recent years.

The establishment of the joint venture marks further cooperation between the two parties in airport management, which will be conducive to strengthening the economic and trade development between Hong Kong and Shanghai.

Shanghai is the first Mainland city to have two international airports. Pudong Airport, an international hub airport with an extensive global flight network, is supplemented by Hongqiao Airport, a domestic hub airport serving point-to-point coverage.