GBIAC(SH:600004) Nan Fang Du Shi Bao·2025-10-23 09:22Core Insights - The Guangzhou Baiyun International Airport (referred to as "Baiyun Airport") is set to unveil its T3 terminal, significantly enhancing its capacity and role as a key international aviation hub [2][5][14] - Baiyun Airport's strategic location in South China positions it as a vital gateway to Southeast Asia and Oceania, facilitating rapid connectivity [2][9] - The T3 terminal will increase the airport's annual passenger throughput capacity to over 120 million and cargo capacity to 3.8 million tons, placing it among the world's leading airports [2][5][14] Infrastructure Development - The T3 terminal and associated projects have recently passed construction acceptance, marking a critical step towards operational readiness [5][6] - Baiyun Airport's expansion includes a comprehensive transportation hub that integrates air and rail services, enhancing connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area [6][7][14] - The airport's infrastructure is designed to support high passenger volumes, with projections of daily inbound and outbound traffic reaching approximately 52,000 during peak periods [4][6] Economic Impact - The 138th China Import and Export Fair (Canton Fair) is expected to drive significant international traffic to Baiyun Airport, with a notable increase in passenger numbers from Southeast Asia [3][4] - The airport's strategic initiatives align with China's Belt and Road Initiative, enhancing its role in global trade and commerce [11][12] Competitive Landscape - Baiyun Airport has been recognized as one of the busiest airports in China, competing closely with Beijing and Shanghai airports, each with distinct geographical advantages [8][9][10] - The airport's focus on Southeast Asian markets and its strategic partnerships aim to bolster its international connectivity and competitiveness [11][12] Future Prospects - The T3 terminal is anticipated to facilitate a seamless integration of air and rail transport, significantly improving travel efficiency and expanding the airport's catchment area [7][14] - Baiyun Airport's ongoing development is expected to enhance its capacity to support high-value, time-sensitive logistics, reinforcing its position as a modern trade center [14]