Jiangsu launches Eastern Airport Group
2018-09-11 16:53:00

Nanjing Lukou International Airport Co., Ltd, operator of the main airport serving Nanjing City, has changed its name to Eastern Airport Group Co., Ltd, according to Jiangsu Provincial Department of Transportation on Sept. 10.

The passenger throughput of various airports in Jiangsu has experienced an explosive growth in recent years, with an annual growth rate of 15-45 percent.

The outbound travel demand of Jiangsu residents continues to boom, and the occupancy rate in several long-distance intercontinental routes is nearly 90 percent.

Despite the strong demand, Jiangsu’s civil aviation industry is still underdeveloped. Jiang Zhaoyi, a researcher of the Jiangsu Academy of Social Sciences, said that a provincial level group is in a better position to coordinate the airport resources, strengthen the overall planning of airports, and develop the province’s burgeoning aviation industry.

The Eastern Airport Group will incorporate the other six small and medium-sized airports in Xuzhou, Changzhou, Lianyungang, Yancheng, Huai'an and Yangzhou-Taizhou through cash acquisition of equities to become the holding company.

Source:jschina.com.cn Editor:Dylan