Chinese province to form airport joint venture
Article Abstract:
New World Group of Hong Kong and the Hubei Province of Central China will start a joint venture in 1998 to construct an airport that will be based in the provincial capital of Wuhan, China. Wuhan Tianhe Airport Company will open for business in July 1998 as part of the joint venture's key preparatory step. The joint venture is anticipated to raise more funds and advanced management expertise. Likewise, the joint venture will be in charge of Tianhe Airport's efficiency, safety operations, repayment of loans and service quality.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 1998
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Amsterdam Schiphol profit boost
Article Abstract:
The Schiphol Group has posted a profit increase of 13.1% for 2000, or NLG316.8 million from 1999. However, return on net assets fell from 9.4% in 1999 to 8.7% in 2000. The decrease is largely due to the group's substantial investments, which resulted in fixed asset growth outstripping operating profit. Return on equity was up slightly to 9.9%. The 9.0% rise in airport fees was partly attributable to price increases, which had a net effect of only 1.2%.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2001
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