Ready or not ...
Article Abstract:
The Hong Kong government is facing the possibility of a delay in completion of its new Chek Lap Kok airport, although the Airport Authority maintains that the airport will be able to open in Apr 1998 as planned. The government will lose around $65 million for every month of delay, due to debt servicing costs and lost revenues. Hong Kong would also lose potential tourist revenue. The existing Kai Tak airport has to reject 230 flights per week due to operational limitations. The Airport Development Steering Committee will make its decision on an opening date in Dec 1997.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Flight into the future
Article Abstract:
Hong Kong's Chek Lap Kok airport, which opens for business on Jul 6 1998, has attracted attention as a major architectural and engineering project. The airport's opening is also significant in the economic development of Hong Kong, particularly as it coincides with a regional economic crisis. The new airport is a major rival to other regional airports. It will allow Hong Kong to accommodate night-time cargo flights for the first time in its history, and sophisticated infrastructure and transport connections offer business travellers a speedy departure from the airport.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Winging it
Article Abstract:
The opening of Hong Kong's new Chek Lap Kok Airport was accompanied by a series of problems, which included lost luggage, delayed planes and the failure of the information display system. The old Kai Tak Airport closed on 6 July 1998, with officials and passengers transferring to the new Chek Lap Kok Airport, the 34 kilometers away. Hong Kong gave an emotional farewell to the Kai Tak site, with many people visiting the airport to relive old memories.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Stuck in the pits. Future imperfect. The big fight
- Abstracts: Fighting to stay ahead of the pack. The changing face of IBOs. From the cradle to the altar
- Abstracts: Brokers invite the brave. Mirroring bumpy US ride. Bargains beckon in Tokyo; strategists turn keen on fallen share prices
- Abstracts: Stand-off in Jakarta. Winds of change
- Abstracts: Wanted: shoppers. Surplus stores. Crumbling pillars