SIA(SH:600009) Di Yi Cai Jing·2025-08-17 03:31Core Viewpoint - The establishment of a joint venture company for the construction and operation of Nantong New Airport, which is positioned as the "third airport of Shanghai," indicates a strategic move to enhance Shanghai's international aviation hub status [1][2]. Group 1: Company Formation and Structure - Nantong New Airport Construction Investment Co., Ltd. has been established, with Shanghai Airport Group holding a 51% stake and Nantong Urban Construction Group holding 49% [1]. - The joint venture's formation highlights Shanghai Airport's leading role in the development of Nantong New Airport, which has been recognized as a significant project for the region [2]. Group 2: Airport Development and Planning - Nantong New Airport is planned to have two long-distance runways and a terminal capable of handling 40 million passengers annually, with future expansion to accommodate up to 80 million passengers [4]. - The airport's operational classification is set at 4F, indicating a high capacity for large aircraft [4]. Group 3: Transportation Infrastructure - The distance between Nantong New Airport and existing Shanghai airports (Hongqiao and Pudong) is approximately 100 kilometers, necessitating effective transportation network planning for seamless connectivity [3]. - Recent infrastructure developments, including the Shanghai-Nanjing-Hefei high-speed railway, are aimed at enhancing connectivity between these airports and the surrounding regions [3]. Group 4: Airline Strategies - Major airlines, including Air China, China Eastern Airlines, and China Southern Airlines, are proactively planning to establish bases at Nantong New Airport, recognizing the potential for local and overflow passenger traffic from Shanghai [4]. - China Eastern Airlines has already initiated plans for a base at Nantong New Airport, while China Southern Airlines has conducted feasibility studies for its operations there [4]. Group 5: Regional Airport Coordination - The Long Triangle region, which already has seven major airports, is focusing on collaborative development to avoid redundancy and optimize resources [5]. - The Eastern Airport Group has been formed to consolidate airport operations in the region, although Nantong and Suzhou airports are not included in this group [5].