Airport Authority Hong Kong (AA) and Hong Kong Business Aviation Centre (HKBAC) have signed an agreement for a HK$400 million expansion of HKBAC facilities at Hong Kong International Airport.
Jack So, chairman of the AA and Fred Lam, chief executive officer of the AA, witnessed the signing of agreement on the HKBAC expansion project, together with the representatives of the key shareholders of HKBAC Ltd, Raymond Kwok, chairman and managing director of Sun Hung Kai Properties Ltd, and Sir Michael Kadoorie, director of HKBAC Ltd.
So said: “The HKBAC expansion plan will help further attract global businesses to set up regional headquarters and offices in Hong Kong, taking advantage of HKIA’s unique geographical location and connectivity that enables business executives to reach major Asian markets within five hours.”
Under the expansion project, the site area of HKBAC in its existing location will be expanded by half from 16,000 sq m to 24,500 sq m. The Executive Terminal of HKBAC will be expanded four times to 4,800 sq m and a new building will be added to provide more customer facilities, including enhanced Customs, Immigration and Quarantine (CIQ) facilities and a canopy for passengers at the apron.
Other existing facilities, including the passenger lounge, air crew facilities and VIP lounge will also be enhanced. Upon completion of the expansion in 2025, the annual handling capacity of business aircraft flight movement at the HKBAC will be doubled.