Airport Company Set Up in East China Fujian Province

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 ◆ Airport Company Set Up in East China Fujian Province

The Xiamen Aviation Development Company (XADC), a subsidiary of Xiamen Airlines Co. Ltd., has signed an agreement with Wuyishan airport to jointly set up a major airport company to increase economic development which will benefit both parties.

The two will invest a total of 108 million yuan (about 13 million US dollars), 65 percent from XADC, into the new airport company, which will concentrate on advanced business management and improved service.

The scenic Wuyi Mountains close to where the Wuyishan airport is, are located in Nanping City in Fujian Province and are well known tourist attractions in China.

The Wuyishan Airport began operating at the end of 1993. Last year, the airport handled 330,000 passengers. Tourism is booming in the area, the old airport cannot meet the requirements of the rapidly developing tourist industry.

Seeing the potential in tourism, the two companies decided to join together to develop the airport.

The investment will be used to speed up airport expansion and upgrade technology as well to attract professional staff and to improve services.