A Promising Future for the Aviation Industry
Global passenger and cargo traffic are estimated to grow at about 5%* annually in the next 20 years, and the Mainland will remain a key driver for growth. According to IATA Consulting's forecasts, air traffic to and from the Mainland will reach nearly 2.1 billion trips by 2030 while cargo traffic will reach 44 million tonnes. For passenger traffic, the World Tourism Organisation forecasts that the Mainland will become the world's fourth-largest tourist source market and largest domestic tourist market by 2015.
*Source: Airbus Global Market Forecast
HKIA Fast Reaching Capacity
Since Hong Kong International Airport (HKIA) commenced operation in 1998, air traffic has grown in leaps and bounds. The volumes of passengers, cargo and aircraft movements have more than doubled.
The practical maximum capacity of the current two-runway system is 420,000 aircraft movements per year. Today, HKIA’s traffic volumes are already ahead of the HKIA Master Plan 2030 forecast by one to three years.
HKIA is fast approaching its maximum handling capacity. There is a pressing need to expand the airport to meet its long-term demand.
2013 Aircraft Movements Ahead of HKIA Master Plan 2030 Forecast by Three Years
Maintaining the Status Quo is Not an Option
If HKIA is not expanded into a three-runway system, Hong Kong will face severe consequences such as:
- More expensive airfares
- Fewer choices of airlines and destinations
- No new flights can be added; airlines will fly more profitable first-tier destinations
- Less ability for HKIA to deal with contingencies
- Deterioration of the airport experience
- Diminishing of Hong Kong’s overall competitiveness
If Hong Kong is unable to meet its future aviation demand, the city will gradually lose its position as a regional and international hub. This could jeopardise the status of Hong Kong as an international centre of logistics, trade, tourism and finance.
Hong Kong's Future is in Our Hands
HKIA cannot rely on neighbouring airports in the Greater Pearl River Delta (GPRD) region to meet its needs because of the following reasons:
- Air services are market-oriented which depends on passengers' choice and are determined by airlines on commercial consideration
- Under "One Country, Two Systems", Hong Kong and the Mainland are governed by different air services jurisdictions
- Studies show no single example of successful collaboration between airports worldwide
- Even when all five GPRD airports complete their expansion plans, it is forecast that passenger trips will still exceed supply by 100 million by 2030