BUSINESS China-Singapore airport management JV operational in Chongqing

BUSINESS

China-Singapore airport management JV operational in Chongqing

Xinhua

21:45, January 08, 2019

VCG31N1074431778.jpg

Travelers walk past a DFS Group Ltd. duty free store, left, and a Hotel Shilla Co. Shilla Duty Free store at Terminal 4 (T4) of Changi Airport in Singapore, on Thursday, Dec. 13, 2018. Singapore's Changi Airport, voted the world's best for the past six years by Skytrax, is pursuing that goal of extensive automation with such vigor that it built Terminal 4 to help test the airport bots of the future. (File photo: VCG)

CHONGQING, Jan. 8 (Xinhua) -- An airport management company, jointly established by China and Singapore, commenced commercial operation at the airport in Chongqing Municipality Tuesday.

The joint venture, invested by Chongqing Airport Group and Changi Airport Group in Singapore, manages the non-aviation businesses including shopping, catering and advertising in Terminal 2 and 3 of Chongqing Jiangbei International Airport.

The company operates about 24,500 square meters of commercial property, 266,000 square meters of indoor and outdoor parking, with 6,690 parking spots, as well as 15,600 square meters of advertising space.

"Changi has provided valuable insights of commercial management for Chongqing to learn from," said an official from the management bureau.

Formally implemented on Jan. 8, 2016, the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity was the third inter-governmental cooperative program after China-Singapore Suzhou Industrial Park and China-Singapore Tianjin Eco-City.

Flights linking Chongqing and Singapore have since been increased from five a week to 14 a week. Construction on a 12.5-square-km China-Singapore aviation industrial park has begun. Companies and colleges in Chongqing also carried out cooperation with Singaporean counterparts in aircraft financial leasing and aviation staff training.

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