Capital Airports Holding remains profitable

Capital Airports Holding Co.’s financial portfolio has been growing in the last four years, since it was established in 2002. At the end of 2006, the company’s net assets totaled RMB 20.6 billion, compared to RMB 10 billion when it was established, or an annual growth of 20 percent. Its profits jumped from RMB 625 million to RMB 2.7 billion, or an annual increase of 44 percent. The company paid taxes to the state amounting to RMB 1.334 billion in 2006, compared to RMB 342 million in 2002. Capital Airports Holding has 31 affiliate airports. In 2006, the airports’ combined passenger volume reached 93.74 million, and cargo and mail volume totaled 1.67 million tons. Aircraft movements also reached 870,000. In 2006, the Beijing International Capital Airport handled 48.6 million passengers, ranking ninth in the world. The airport’s third terminal is now being constructed. Based on the plan, Capital Airport will have five runways and its passenger throughput will reach 90 million.