Shenzhen Baoan International Airport enjoys fast growing aviation business since its putting into use. It was developed into international airport officially on May 16, 1993 and jumped to the fourth largest airport in China within as short as five years in 1996. It handled the passengers of more than ten million person-times in 2003 to be ranked among top hundred airports in the world. Shenzhen Airport completed the reconstruction and expansion of airport lounge B in January 2004. After a great deal of preparatory work in the prophase, the expansion of flying zone of Shenzhen Airport started officially in December 2005. It is planned to put the second runway and new terminal area into use in 2011.
Shenzhen Airport Company was founded in May 1989, fulfilled group transformation in May 1994, and incorporated listing company in April 1998. The stock of “Shenzhen Airport” was listed in Shenzhen Stock Exchange on April 20, 1998. As the enterprise directly under the National Assets Committee of Shenzhen and holding company of Shenzhen Airport Stock Company, Shenzhen City Airport (Group) Co., Ltd. had total assets of RMB 7.35 billion, net assets of RMB 4.87 billion, state-owed net assets of RMB 3.36 billion and ratio of debts to assets of 33.7% till the end of 2006. It is expected to fulfill the passenger handling capacity of 18.2 million person-time, cargo & mail handling capacity of 550,000 tons, the movement of aircrafts of 167,000 sorties, and rank the fourth place nationwide.
Originally Posted: China Business Daily
Author: Angulo Fu
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