JAPAN. The New Tokyo International Airport Authority, operator of Narita airport, yesterday unveiled its medium-term management plan for the three years starting April 2004, when it is due to be reorganized as a joint-stock company.
As previously reported, during that period it will remain wholly-owned by the government but will ultimately be privatised.
The plans says that the new body will seek to chalk up ¥170 billion (US$1.6 billion) in unconsolidated revenue in fiscal 2006, up +9% from fiscal 2002, and target ¥10 billion (US$92.8 million) in sales from new lines of businesses, such as duty free shops.
The airport authority will finalize the management plan by the end of the current fiscal year, regarding the three-year term as a “period when (the company) will reinforce the foundations for autonomous operation.”
The plan also calls for cutting landing fees; extending the second runway, which came into use from spring 2002, to 2,500 meters; and trying to improve airport finances.
The plan calls for the rearrangement of stores to better meet the needs of passengers. It underlines the importance of the authority opening new duty free shops and stores selling travel goods.
Click here for our earlier story on the new era of retailing at Narita.
