CHINA. BAA is eyeing stakes in several Chinese airports in order to profit from the country’s surging air traffic growth, a company executive told an airport conference today.
According to a Dow Jones newswire report, Andrew Jurenko, Managing Director of BAA’s international operations, told the audience in Hong Kong: “We are looking to invest in secondary Chinese airports… major airports such as Beijing, Shanghai and Guangzhou aren’t on our list.”
He said smaller airports in mainland China were in need of capital for expansion, following efforts from the central government to hand over control of airports to local authorities.
Jurenko said BAA was considering airports in the country that operate international flights with annual passenger traffic exceeding 5 million.
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