Airport Authority Hong Kong

The Airport Authority Hong Kong (abbreviated as AA or AAHK) (Chinese: 香港機場管理局, abbreviated as 機管局) is the statutory body (governed by the Airport Authority Ordinance (Cap. 483)) of the government of Hong Kong that is responsible for the operations of the Hong Kong International Airport.

History

The authority was formed in 1995 (initially as the Provisional Airport Authority in 1990) through Airport Authority Ordinance and is independent of the government financially. There are plans to corporatise the AA and to list it on the Hong Kong Stock Exchange and to partially sell it to the public.

A convention and exhibition facility, the AsiaWorld-Expo, on the northeastern corner of the island of Chek Lap Kok was opened on 21 December 2005.

On 17 January 2005, the AA acquired 49% stake of Hangzhou Xiaoshan International Airport, with HK$ 1.99 billion, compared to bids by Singapore Changi Airport, Copenhagen Airport, Houston International Airport and BAA plc. A new holding company of Xiaoshan Airport will be formed and be listed on the Hong Kong Stock Exchange.