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China to open airports to private investment

09/29/2016| 11:42:51 AM|

Chinese aviation authority said on September 27 that that it was mulling green light to private investment in civil airport construction and operation.

Chinese aviation regulator Civil Aviation Administration of China (CAAC) said on September that it was considering giving green light to private investment in civil airport construction and operation.

"The CAAC plans to overhaul the financing model for civil airports to support public-private partnership," according to a brief online statement.

The opening-up of the sector is an attempt to improve airport services and boost the market, according to the statement.

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TAGS: airports | private investment | CAAC
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