The Macau International Airport Company Limited (CAM) held its annual General Assembly and Board Meeting in the morning of 22nd March, 2013. Approval was gained for the resolution of the 2012 Activity Report, Balance Sheet & Income Statement and Supervisory Committee Report, as well as appointed the members for the Supervisory Committee 2013.
Performance of Macau International Airport 2012
As stated in the activity report, in 2012, Macau International Airport (MIA) introduced five new airlines and added five new destinations including Changsha, Taichung, Chiang Mai, Danang and Busan, with a total of 21 airlines operating at MIA connecting our passengers to 32 destinations around the world by the end of 2012. MIA handled 4.49 million passengers and 41,997 aircraft movements, increased 11% and 8% respectively compared to year2011; general aviation exceeded the forecast target reached 111.49% with 1,659 aircraft movements; cargo traffic reached 92.65% of the forecast target with record of 27,794 tons. Meanwhile, Logistics & General Aviation Development Department achieved recognition and praise from freight/logistic companies by delivering their excellent service and management together with airport operators. Through this, MIA has achieved the "2012 Global Air Cargo Excellence Award" from the "Air Cargo World". Marketing Department has also received the “CAPA aviation award for excellence – Airport Marketing Award” for their excellent route development in 2012. MIA has achieved world recognition in both passenger and cargo markets.
In 2012, CAM renovated the terminal building and its advertising facilities to optimize the environment for our passengers and users. MIA addednewstores and expanded the area for duty-free shops without reducing the size of the resting areas to provide our passengers greater choices and convenient shopping.Our efforts were paid off by increasing thenon-aeronautical revenuesto MOP 425 million, accounted for 55% of the total revenue for the first time, andincreased by 23% compared to 2011.
In support of the shareholders, CAM issued redeemable preference shares with a total nominal value of MOP 1.947 billion to fully repay the historic bank loans of more than a decade ago. After reducing the company’s financial burden, CAM’s incomes reached MOP 769 million in 2012, increase 17% compared to 2011. Through our professional management and cost control policy, CAM also recorded a net profit of MOP 66.89 million for the first time. With all our aviation partners working together, the main operators of MIA has overall revenue of approximately MOP 3.59 billion, increased 17.3% in compared to last year.
To improve ourcompetitiveness and service quality, CAM launched 193infrastructureprojects in 2012, including:renovationofthePassenger Terminal Building, renewal of all loading bridges, optimization of luggageconveyor belts, renewal of equipment in the fire station,dredging the water channeland upgrade of the Communications, Navigation and Surveillancesystem (CNS), provides free unlimited wifi service, the new MIA and CAM websites, as well asactive promotion ofgreenairportand virtualairport projects.
Apart from active participation in the meetings organized by the five major PRD airports and East Asia Airport Alliance for strengthening regional cooperation, CAM also acts as a bridge and service platform for China and Portuguese-speaking countries, especially in the promotion of civil aviation personnel training and exchange program in China and Portuguese-speaking countries. In 2012, CAM sponsored students from Mainland China and Macau to participate in courses held in Portugal Lisbon NAV, a total of 469 people participated in this project since 2005.
CAM has always support and cooperates along with the Macau SAR Government’s policy, we returned 2 pieces of land to the government for the future light rail with total area of 37,000 square meters. They are located at Avenida Wai Long and Taipa Temporary Ferry Terminal respectively.
2013 Development Plan
On 5thDecember 2012, our company held an extraordinary General Assembly which unanimously resolved the new members of the Board of Directors and Executive Committee for the year of 2013-2015. With intimate concern and support, the new company leadership raised three major problems that have been obstructing the development of Macau International Airport to the Macau SAR Government, namely flying birds around neighbouring areas, surrounding road traffic issue and human resources. All these are believed to be able to be improved or solved in short term.
Prospect to 2013, CAM will take the “To Innovate and Win, But Not to Rest on Laurels and Fail” as the new developing strategy to achieve new targets in 2013: 44,000 flight movements, 28,200 tonnes of cargo, 4.7 million of passengers and 1,791 general aviation aircraft movements, finally total revenue for CAM to be MOP798 million.
In coordination with the SAR Government to build up Macau into a world tourism and leisure center, MIA has been exploring into potential market. Air Macau opened a new route to Wenzhou of China in February and will launch another new route between Macau and Jinjiang of China in 2ndApril while increasing to 3 daily flights between Macau and Beijing of China. Jin Air is planning to increase 5 weekly flights between Macau and Seoul of Korea in the second half year.
MIA has been behaving well in the first quarter of 2013, handled 1.1 million of passengers and 374 general aviation aircrafts, representing an increase over 15% and 14% respectively. With the growing demand for general aviation, MIA will expand the market after the business aviation contract expired. After open tender, a design of the new business jet hangar was submitted for approval before commencing construction. The Express Link is expected to be implemented between MIA and Gongbei port in the second quarter in addition to Henqin port launched last year.
To cope with the increasingly frequent passenger flow, infrastructure construction tied in to carry out optimization of baggage handling system and CCTV. The optimization of baggage handling system is expected to be completed this year end, of which the automatic baggage screening back-of-house will bring higher efficiency and the eventual removal of x-ray machine in departure check-in hall will have additional 1,800m2public space to passengers.
For commercial development, CAM has opened tender after the contract of the airport restaurant expired earlier. The three operators are believed to be able to provide more dining options to passengers. After renovation, a total of 1,643m2of operating area will be provided in restaurants. With customer-oriented purpose, the MIA will introduce limousine service in May to provide transportation service arriving MIA to hotel or other destinations.
Macau International Airport has been acting as a bridge between China and Portuguese-speaking countries. This year, CAM plans to hold the “4thChina and Portuguese-speaking Countries Airport Conference” where civil aviation professionals will be gathering here in Macau to explore into the prospect of the industry, building a bridge for opinion exchange and sharing platform.
Looking into the year of 2013, CAM will continue playing professional team spirit. It is the first time to convene all airport operating units to form a dragon boat team joining the local Dragon Boat tournament held by the Sport Development Board this year, as a training of the staff and strengthening up their cohesion and cooperation. We will continue holding innovative thoughts to face the upcoming challenges and have good achievement together.
At the site of CAM Board Meeting
At the site of CAM General Assembly
Mr. Lo Keng Chio – President of the General Assembly of CAM gave speech in press conference after the meetings
Ms. Grace Cheang –Senior Assistant to the Chairman of Executive Committee& Director of Finance & Administration Department