Hkg Runway

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Contents
2

Core Values

3

HKIA Facts / Performance Highights

4

Chairman’s Statement

8

Chief Executive Officer’s Statement

12

The Board and Executive Directors

15

Financial and Operational Highlights

16

Corporate Governance

28

Event Highlights

30

Passenger Services

36

Cargo and Aviation Services

40

Airfield and Systems

44

Mainland Projects

48

Corporate Social Responsibility

54

Looking Forward

58

Financial Review

66

Report of the Members of the Board

69

Independent Auditor’s Report

70

Financial Statements

115

Five-year Financial and Operational Summary

116

Airlines and Destinations

Hong Kong International Airport (“HKIA”) aims to maintain a leadership position in airport management and aviation-related businesses to strengthen Hong Kong as a centre of
international and regional aviation by:








upholding high standards of safety and security
operating efficiently with care for the environment
applying prudent commercial principles
striving to exceed customer expectations
working in partnership with stakeholders
valuing human resources
fostering a culture of innovation

AIRPORT AUTHORITY HONG KONG (the Airport Authority) is a statutory corporation wholly owned by the Hong Kong SAR Government. The Airport Authority is responsible for the operation and development of HKIA.

At Hong Kong International Airport (“HKIA”), six core
values guide our staff and business partners in their
day-to-day work and long-term plans. In a rapidly
changing business environment, these principles
are both constant and non-negotiable.

2

Hong Kong International Airport

HKIA Facts

AirportSiteArea

1,255 hectares

TotalTerminalArea

750,000 square metres

Airlines

about 95

Destinations

around 160

Runways

2

Performance Highlights

Annual Report 2010/11

3

Chairman
Chairman’s
Statement

Dr the Hon Marvin Cheung Kin-tung, Chairman

4

Hong Kong International Airport

Dear Stakeholders,
The Financial Year ended 31 March 2011 (“FY 2010/11”), was an outstanding year for Hong Kong International Airport (“HKIA”). We set records in all measures of our performance: Passenger volume rose 9.7% to 51.5 million; cargo throughput grew 16.5% to 4.2 million tonnes; and air traffic movements increased 12.9% to 316,000. Since 1996, HKIA has been the world’s busiest international cargo airport; this year we surpassed Memphis International Airport to become the world’s busiest cargo airport. Our international passenger volume now ranks 3rd in the World. Our strong performance in FY 2010/11 resulted in an increase in our net profit to HK$4.0 billion which is an increase of 41.9% over the previous year. Of that amount, HK$3.1 billion will be paid to our sole shareholder, the Hong Kong SAR Government, as dividend. This will bring the total amount paid to the Hong Kong SAR Government since the date of inception up to HK$22.1 billion, representing a return of capital of HK$6 billion and dividends of HK$16.1 billion.

Annual Report 2010/11

5

Chairman’s Statement

“As planning and building airport infrastructure requires long lead times, we must act now to avoid a capacity shortage
that will constrict the growth of the aviation industry and the resulting impact on Hong Kong’s economic development.”

HKIA Master Plan 2030

which updates HKIA’s demand forecasts until the year

This year’s achievements highlight the enormous growth

2030 and sets out two options for the development of

in Hong Kong’s aviation industry since the days of Kai Tak

the airport. One option examines the possibilities for

Airport with its single, congested runway. The decision to

further development on the existing Airport Island with

build a new airport at Chek Lap Kok, completed with...
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