HK International Airport risks hurting its attractiveness if fees raised: Iata

Hong Kong

HONG Kong International Airport, the world's largest handler of air cargo, risks hurting its competitiveness if the operator raises the fees it charges airlines to pay for a third runway, the International Air Transport Association (Iata) said.

Instead, the airport should take advantage of its "successful financial situation" by seeking loans or issuing bonds to pay for the runway, Iata president Tony Tyler said at a Monday lunch meeting in Hong Kong. The runway is projected to cost about HK$150 billion (S$27 billion).