Third hangar opens to boost Hong Kong's position as Asia's business aviation hub

May 21, 2012 The Hong Kong Business Aviation Centre, Limited (HKBAC) today opened its new HK$ 170 million, state-of-the-art Hangar 3, boosting Hong Kong's business aviation hangar capacity by 55 per cent. HKBAC is 35% owned by Sun Hung Kai Properties.

Hangar 3 has 4,000 square metres of floor area that will let the HKBAC accommodate six additional jets and offer maintenance inside. The HKBAC recorded 7,000 aircraft movements in 2011, a 24 per cent increase over 2010 and a 1,941 per cent rise compared to 1998 when the HKBAC established. HKBAC Chairman Tony Miller said that the third hangar was the latest investment by the company to meet the rapidly-growing demand for business aviation in Hong Kong and reinforce city's position as the business aviation hub of Asia. Business aviation has grown in popularity in Asia as corporate leaders and global entrepreneurs opt for private or corporate aircraft as the fastest and easiest way to travel. The HKBAC operates around the clock and provides a full range of aircraft refueling, ground handling, passenger services, aircraft hangarage and line maintenance out for business aircraft, their crews and passengers. "The HKBAC is all about bringing business to Hong Kong and through Hong Kong to the wider region," Mr Miller said. "We make it our mission to provide business travellers exceptional service that reflects Asian hospitality at its best -- making every client journey effortless and reinforcing Hong Kong position as a premier gateway for business into Asia and China." The HKBAC has been named Best Asian Fixed Base Operator by Professional Pilot magazine for five consecutive years and ranked second in the league of Best International FBO for markets outside the Americas for five years in a row. The HKBAC is part of a regional and international aviation hub and reported a 15 per cent year-on-year growth in aircraft movements in the first quarter of 2012. About Business Aviation Centre The Hong Kong Business Aviation Centre is Asia's premier executive aviation support facility for those who own, operate or charter business aircraft. The centre was established in 1998 and is a trusted, award winning fixed based operator with deep industry expertise, superior operational capability and world-recognized outstanding customer and line service, pilot and passenger amenities and facilities. Learn more at www.hkbac.com .