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Hong Kong's Civil Aviation Authority has introduced a cash reward plan to encourage airlines to add new routes and flights.
To encourage airlines to open more routes and increase flights, the Hong Kong Airport Authority has launched two incentive programs. If airlines develop new routes, add or increase flights between Hong Kong, and calculate based on the weight of the aircraft, they can receive a reward of HKD 0.01 million to 0.02 million per trip in the first year. The expected annual reward for each route is about HKD 7 million to 8 million, and there is no upper limit on the total amount of rewards.
Meilan Airport (00357.HK) received an increase in shareholding of 1.026 million shares from Feng Global Fund SPC - Feng Global SP.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 12, 2024, Meilan Airport (00357.HK) received an increase of 1.026 million shares from Feng Global Fund SPC - Feng Global SP at an average price of HKD 8.02 per share on the exchange, involving approximately HKD 8.2285 million. After the increase, the latest holding of Feng Global Fund SPC - Feng Global SP is 18.817 million shares, an increase from 7.84% to 8.29% shareholding.
Meilan Airport (00357.HK) received a shareholding of 1.026 million H shares from Feng Global Fund SPC - Feng Global SP, worth about HKD 8.2285 million.
On July 16th, according to the documents disclosed by the Hong Kong Stock Exchange, Feng Global Fund SPC - Feng Global SP increased their shareholding of Meilan Airport (00357.HK) by 1.026 million H shares at an average price of HKD 8.02 per share, with a total value of approximately HKD 8.2285 million. After the increase, Feng Global Fund SPC - Feng Global SP holds a total of 18.817 million shares, and their warehouse ratio has increased from 7.84% to 8.29%.
With the improvement of operation indicators and the strong supply and demand of summer transportation, will the aviation/airlines industry rise?
It is expected that 0.133 billion passengers will be transported during the summer vacation.
The Civil Aviation Administration of China: The passenger transport volume during the summer transport season is expected to exceed 0.13 billion.
Officials from the Civil Aviation Administration of China stated at a press conference that during this year's summer travel season, the civil aviation market is expected to continue its peak season momentum, with a total passenger transportation volume expected to reach 0.133 billion, with a daily average of 2.15 million passengers, a 10% increase from 2019 and a 5% increase from 2023. The 2024 summer civil aviation passenger transportation has already started on July 1st and will end on August 31st, lasting for 62 days. In addition, in the first half of this year, the Civil Aviation Administration has accelerated the pre-construction work and construction of major civil aviation infrastructure projects, actively expanding profitable investments. By the end of June, the entire civil aviation industry has completed fixed asset investments of 61 billion yuan.
Express News | CAAC: The scale of international air route passenger transportation in the first half of the year has recovered to 81.7% of the same period in 2019.
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