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HKIA posts record traffic figures in 2007

Throughput at Hong Kong International Airport (HKIA) set new records in 2007, with passenger numbers climbing 7.5% from 2006, to 47.8 million, cargo volumes growing 4.5%, to 3.7 million tonnes, and air traffic movements advancing 5.4%, to 295,600.

Cargo throughput at HKIA benefited from sustained growth in trade between China and its major trading partners. While seasonal factors contributed to a slow start to the year, traffic began to pick up in the second quarter. "Cargo volumes have been increasing since the second quarter of 2007, stimulated in part by intra-regional transshipments to and from the Mainland and by exports to Southeast Asia. In addition, the strength of the euro helped to create healthy demand for cargo services to and from Europe," Stanley Hui, CEO of Airport Authority Hong Kong, noted.

Hui said he is confident about 2008. The HKIA should benefit from the Mainland and Hong Kong's positive economic fundamentals, the growth momentum of both economies, and passenger flows associated with the Beijing Olympic Games. Despite an expected slowdown in the US, Hui is cautiously optimistic about cargo throughput in 2008.

In December, the HKIA benefited from strong holiday-driven demand with passenger throughput reaching 4.3 million, up 9.1% from Dec 2006, while cargo volumes grew 5.7%, to 338,000 tonnes, and air traffic movements increased 5.9%, to 25,650.