The story
The authority was formed on 1 December 1995 (initially as the Provisional Airport Authority in 1990) through Airport Authority Ordinance and is independent of the government financially. There are plans to corporatise the AA and to list it on the Hong Kong Stock Exchange and to partially sell it to the public.
A convention and exhibition facility, the AsiaWorld–Expo, on the northeastern corner of the island of Chek Lap Kok was opened on 21 December 2005.
On 17 January 2005, the AA acquired 49% stake of Hangzhou Xiaoshan International Airport, with HK$ 1.99 billion, compared to bids by Singapore Changi Airport, Copenhagen Airport, Houston International Airport and BAA plc. A new holding company of Xiaoshan Airport will be formed and be listed on the Hong Kong Stock Exchange.
On 17 February 2006, the AA confirmed it will hold 55% stake in a company that operates the Zhuhai Airport, with the remaining 45% owned by Zhuhai Airport. The company will not own the assets or the liabilities of the airport.
In 2017, the Airport Authority approved a HKD $140 billion (US$18 billion) expansion for Hong Kong International Airport.
In 2023, as part of COVID-19 recovery following the relaxation of the Government's travel restrictions, the Airport Authority announced a "World of Winners" campaign. The campaign aimed to provide 500,000 heavily subsidised tickets to promote tourism in Hong Kong. The airlines providing the tickets were Cathay Pacific, HK Express, Hong Kong Airlines and Greater Bay Airlines, and these airlines determined the allocation of the tickets.
From Wikipedia’s article on Airport Authority Hong Kong, shared under CC BY-SA 4.0.4