Macau airport company decides not to renew contract with Aeroportos de Portugal subsidiary

31 March 2011

Macau, China, 31 March – The board of Macau airport company, CAM Wednesday decided “not to renew” the management contract with Portuguese airport management company ANA’s subsidiary for “commercial reasons.”

“We decided not to renew the contract with ADA – Administração de Aeroportos (partnership set up in 1994 by ANA and the China National Aviation Corporation) under the current shareholder structure and we are going to define a new management structure for the airport,” Chairman, Deng Jun said at the end of the company’s General Meeting.

Deng Jun noted that CAM thus aimed to, “improve the cost-effectiveness ratio, efficiency and quality of the service in line with a policy of ‘continuity and innovation,’ (of the Macau government) and with the economic development,” of the region.

The official also noted, without specifying, that the “reform of the airport’s management structure is just a part of a wider reform at Macau International Airport,” reiterating that the current contract with ADA – which is 49 percent owned by ANA – expires on 11 September.

“CAM will make efforts to keep the jobs of the ADA employees (which has managed the airport since it opened in 1995) under the new management model for the airport, as they are valuable assets for the facility,” he added.

CAM posted revenues of 240 million patacas (US$30 million) in 2010, or 16.8 percent more than in 2009 and this year expects to increase the number of passengers by 3 percent to 4.2 million and air traffic by 5 percent to 39,000, with a focus on new routes to Australia, India and China. (macauhub)