CAAC Proposes Private Investment in China's Airports

The Civil Aviation Administration of China (CAAC), has suggested allowing civil airport construction and operation to private investors,

Citing China news agency Xinhua, Reuters reported the proposed rules state the CAAC would no longer require private firms to get its approval for certain investments in the sector, including those in airport terminals, ground services or airport freight services. It would also reduce the number of state-owned cargo airports and scrap restrictions on the types of investors in other airports. According to the report, the regulator did not say when the recommendations would be implemented.

CAAC also recommends increased policy support for public-private investment projects in airports, said the Xinhua report.