SIA(SH:600009) 3 6 Ke·2025-08-18 06:35Core Viewpoint - The establishment of the new Nantong Airport is a significant step in enhancing the aviation infrastructure in the Yangtze River Delta region, positioning it as an integral part of Shanghai's international aviation hub [1][15][23] Group 1: Company Formation and Background - On August 15, 2023, the Nantong Airport Construction Investment Co., Ltd. was established, a joint venture between Shanghai Airport Group (51% stake) and Nantong Urban Construction Group (49% stake) [3][5] - The National Civil Aviation Administration approved the site selection for the Nantong Airport in September 2020, confirming the location in Tongzhou District, Nantong [3][5] - The new airport is designed to handle an annual passenger throughput of 40 million, with future plans to expand to 80 million [7][19] Group 2: Strategic Importance - The Nantong Airport will alleviate congestion at Shanghai's existing airports (Hongqiao and Pudong) and improve the overall aviation service in the Yangtze River Delta [15][23] - The airport's location, approximately 100 kilometers from Shanghai, will enhance connectivity with surrounding cities through planned transportation infrastructure [16][19] - The development of the airport is expected to stimulate local economic growth, creating jobs and attracting resources to Nantong [18][19] Group 3: Competitive Landscape - With the completion of the Nantong Airport, Shanghai will become the first city in China to have three major airports, enhancing its competitive position in the domestic and international aviation markets [20][22] - The new airport aligns with global trends where major cities operate multiple airports to improve transportation capacity and international competitiveness [22][23] - The establishment of the Nantong Airport represents a significant advancement in China's regional aviation collaboration and infrastructure development [23]