Changi Airports International (CAI) and Chongqing Airport Group (CAGC) have struck a partnership to form the Sino-Singapore Chongqing Airport Commercial Management, with the former holding a 49 per cent stake in the joint venture and the latter 51 per cent.
The Sino-Singapore Chongqing Airport Commercial Management Company was established to develop the non-aeronautical businesses at Chongqing Jiangbei International Airport. This includes introducing experiential concepts that promotes a sense of place, as well as new product categories and brands for visitors to the airport. The company will also manage airport facilities, the carpark, as well as advertising in the terminals and ground transport centre.
CAI’s first successful collaboration with the airport’s management team in 2008 saw commercial sales per passenger increase by 20 per cent when the terminal became operational in 2010. CAI was engaged again in 2011 to work with the team to plan the commercial space for the new Terminal 3A.
This partnership is part of the Chongqing Connectivity Initiative (CCI) between Singapore and Chongqing. The CCI, launched in November 2015, is the third government-to-government project between Singapore and China. It focuses on developing financial services, aviation, transport and logistics, and information and communication technology in the city.