Fukuoka International Airport Co. Signs Project Agreement for the Operation of Fukuoka Airport

August 1, 2018
(Representative): Fukuoka Airport Holdings Co., Ltd.
(Consortium members) Nishi-Nippon Railroad Co., Ltd.
Mitsubishi Corporation
Changi Airports International Pte. Ltd.
Kyushu Electric Power Co., Inc.
Fukuoka International Airport Co., Ltd. has signed a Project Agreement with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the operation of Fukuoka Airport. The company was established by the Fukuoka Airport HD Group, a consortium led by Fukuoka Airport Holdings, and comprising Nishi-Nippon Railroad, Mitsubishi Corporation, Changi Airports International and Kyushu Electric Power. The Project Agreement was signed on August 1, 2018. The consortium is now preparing to run Fukuoka Airport with effect from April 1, 2019. 
 
In line with the original proposal, the consortium seeks to transform Fukuoka Airport into the airport of choice for passengers and airlines, and has set its sights on obtaining a five-star rating* from aviation consultancy SKYTRAX. In an effort to expand the airport’s domestic and international flight networks, the consortium will work to attract airlines to Fukuoka Airport by offering simplified landing-fee structures and long-term discounts in order to secure flight routes. The consortium will also take steps to ensure that the airport provides travelers with more efficient services at check-in and security clearance.
 
The consortium will introduce a brand new concept to the airport. Travelers will be constantly surprised with ways to have fun with a wider selection of food and beverage outlets, and retail options, as well as on-site entertainment.
 
In addition, the consortium will continue to work with local businesses to revitalize the airport, and ensure safe and secure operations. At the same time, it will help to stimulate economic development in the immediate surroundings, and across Kyushu and the rest of Western Japan.
 
 
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* Skytrax’s World Airport Star Rating is a system that classifies airports by the quality of airport services, products and facilities, and is recognised as a global benchmark of airport standards. Airport Ratings range from 1-Star to the prestigious 5-Star.
Summary of Project Agreement
Contracting Party
Fukuoka International Airport Co., Ltd.
Purpose
The purpose of the Project Agreement is to facilitate mutual cooperation between the State and Fukuoka International Airport Co., Ltd. and stipulate all matters that are necessary to smoothly implement the Project.
Summary of Fukuoka International Airport Co., Ltd
Trade name
Fukuoka International Airport Co., Ltd.
Location of head office
782-1, Oaza-Shimousui, Hakata-ku, Fukuoka
Date of incorporation
2nd July 2018
Purpose of business
(1) All business activities for the Qualified Project Etc. for Fukuoka Airport Operations for which the right to operate public facility etc. stipulated in Article 2, Paragraph (7) of the Act on Promotion of Private Finance Initiative (Act No. 117 of 1999) has been granted to the Company; and
(2) Any activities that are incidental to or associated with the foregoing activities.
Amount of capital at the time of incorporation
JPY378,000,000.-
Representative director and Chief Executive Officer
Tetsuya Nagasao
◆About Fukuoka Airport Holdings Co., Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Fukuoka Airport Holdings Co., Ltd.
【Head Office】                  9-22, Watanabe-dori 2-chome, Chuo-ku, Fukuoka, Japan
【Representative】             Masahito Sakuragi, President
 
◆About Nishi-Nippon Railroad Co., Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Nishi-Nippon Railroad Co., Ltd.
【Head Office】                  11-17, Tenjin 1-chome, Chuo-ku, Fukuoka, Japan
【Representative】             Sumio Kuratomi, President & Chief Executive Officer
 
◆About Mitsubishi Corporation　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Mitsubishi Corporation
【Head Office】                  3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan
【Representative】             Takehiko Kakiuchi, President and Chief Executive Officer
 
◆About Changi Airports International Pte. Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Changi Airports International Pte. Ltd.
【Head Office】 　             60 Airport Boulevard, #048-049 Changi Airport Terminal 2, Singapore 819643
【Representative】             Lim Liang Song, Chief Executive Officer
 
◆About Kyushu Electric Power Co., Inc.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】　        Kyushu Electric Power Co., Inc.
【Head Office】 　             1-82, Watanabe-dori 2-chome, Chuo-ku, Fukuoka, Japan
【Representative】 　        Kazuhiro Ikebe, President＆Chief Executive Officer
 

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