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Beijing Airport

#4543

Rank

$1.65B

Marketcap

CN China

Country

Beijing Airport
Leadership team

Mr. Changyi Wang (Exec. Chairman)

Mr. Zhiliang Han (GM & Exec. Director)

Mr. Guoliang Zhang (Exec. Director)

Products/ Services
Air Transportation, Retail, Travel
Number of Employees
1,000 - 20,000
Headquarters
Shunyi, Beijing, China
Established
1999
Revenue
500M - 1B
Traded as
0694.HK
Social Media
Overview
Location
Summary
Beijing Capital International Airport Company Limited engages in the aeronautical and non-aeronautical businesses at the Beijing Capital Airport in the People's Republic of China. The company's aeronautical business is involved in the provision of aircraft landings and take-offs; passenger service facilities; ground support services; and fire-fighting services for domestic and foreign air transportation enterprises. Its non-aeronautical business includes the franchise-based operation of ground handling agent services for domestic and foreign airliners; in-flight catering services; duty free and other retail shops in the terminals, as well as restaurants and other catering businesses in terminals; leasing advertising spaces inside and outside the terminals; and other businesses. The company's non-aeronautical business also comprises the leasing of properties in the terminals; provision of car parking services; and provision of ground handling facilities for ground handling agent companies. As of December 31, 2021, the company had 85 airliners operating fixed commercial flights at the Beijing Capital Airport, including 26 domestic airliners and 59 airliners from foreign countries; and operated 208 flight points linking with the Beijing Capital Airport, including 133 domestic flight points and 75 international flight points. The company was incorporated in 1999 and is based in Beijing, the People's Republic of China. Beijing Capital International Airport Company Limited is a subsidiary of Capital Airports Holding Limited.
History

Beijing Airport was opened on 1 March 1958.:?20? The airport then consisted of one small terminal building, which still stands to this day, apparently for the use of VIPs and charter flights, along with a single 2,500-meter runway on the east:?18? which was extended to 3,200 meters in 1966 and 3,800 meters in 1982 respectively.:?22? Another 3,200-meter runway on the west was completed in October 1978. On 1 January 1980, a newer, larger Terminal 1 – green in color – opened, with docks for 10 to 12 aircraft. The terminal was larger than the one built in the 1950s, but by the mid-1990s, its size became relatively inadequate.

The first International flight to China and Beijing Capital International Airport was of Pakistan International Airlines from Islamabad.

In late 1999, to mark the 50th anniversary of the founding of the PRC, the airport experienced a new round of expansion as Terminal 2 opened on 1 November of that year. Terminal 1 was then temporarily closed for renovation after the opening of Terminal 2. 20 September 2004 saw the opening of a renovated Terminal 1, which at that time solely handled China Southern Airlines' domestic and international flights from Beijing. Other airlines' domestic and international flights still operated in Terminal 2.

Another round of expansion started in 2007. A third runway opened on 29 October 2007, to relieve congestion on the other two runways. Terminal 3 was completed in February 2008, in time for the Beijing Olympics. This colossal expansion also included a rail link to the city center. At its opening, the new Terminal 3 was the largest man-made structure in the world in terms of area covered, and a major landmark representing Beijing as the growing and developing Chinese capital. The expansion was largely funded by a 30 billion yen loan from Japan and a 500-million-euro loan from the European Investment Bank . The loan is the largest ever granted by the EIB in Asia; the agreement was signed during the eighth China-EU Summit held in September 2005.Fresh from hosting the 2008 Summer Olympics and adding its new terminal building, Beijing Capital has overtaken Tokyo Haneda to be the busiest airport in Asia based on scheduled seat capacity.Due to limited capacity at Beijing Capital International Airport, plans were set forth for the construction of a new airport in Daxing. The project was given final approval on 13 January 2013. Construction began in late 2014 and was completed in 2019. The new airport will serve as a hub for SkyTeam alliance airlines , while Star Alliance members will stay at Beijing Capital International Airport. Hainan Airlines, which accounted for 10% of Beijing Capital International's passenger seat capacity in 2016, but is not part of any major alliance, will stay at the existing capital airport.

Mission
Beijing Airport Co. Ltd seeks to build the world’s most integrated, intelligent and advanced airport infrastructure platform. Our mission is to provide efficient, reliable, and safe services for passengers, to contribute to the development of local and regional aviation economies, and to share the economic benefits with our parent company, China Airport Group.
Vision
Our vision is to become the world's leading provider of sustainable airport infrastructure and services that meet the highest standards of customer service and environmental protection.
Key Team

Mr. Zhiyong Li (Chief Financial Officer)

Mr. Weiyu Wang (Deputy Gen. Mang.)

Mr. Xianwei Meng (Sec. to the Board)

Ms. Ying Zhao (Deputy Gen. Mang.)

Recognition and Awards
Beijing Airport Co. Ltd has been awarded the China Quality emblem and honored as a China Top Brand by Ministry of Civil Aviation, General Administration of Quality Supervision, Inspection and Quarantine, and China Consumers Association, respectively. In 2020, BACL was granted the CAAV’s Special Recognition Award, the highest award a civil aviation company can receive in China.
References

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Beijing Airport
Leadership team

Mr. Changyi Wang (Exec. Chairman)

Mr. Zhiliang Han (GM & Exec. Director)

Mr. Guoliang Zhang (Exec. Director)

Products/ Services
Air Transportation, Retail, Travel
Number of Employees
1,000 - 20,000
Headquarters
Shunyi, Beijing, China
Established
1999
Revenue
500M - 1B
Traded as
0694.HK
Social Media