The world's largest air carrier A380 flies over Victoria Harbour yesterday. The show was a prelude to Asian Aerospace International Expo and Congress scheduled from September 3 to 6.Edmond Tang

Financial Secretary John Tsang yesterday said since the mainland's aviation market has been growing fast, Hong Kong's support for its development could help both the local aviation industry and its economy.

Tsang was speaking at the inauguration of the Asian Aerospace International Expo and Congress.

Tsang said China had emerged as a major player in the aviation sector and it was estimated that the nation would record double-digit growth in its aviation sector for at least the next two decades.

"Yet despite the rapid progress, many argue that the best is yet to come," he added.

The nation's airlines would order up to 3,000 passenger and cargo airplanes during this period, Tsang said.

"This is a huge business opportunity. The companies participating in this expo are not only selling airplanes. Companies doing aviation-related business are also participating. This is very important for Hong Kong's economic development," he said.

Hong Kong was capable of tapping the business opportunities as it has adequate infrastructure, Tsang said, adding that the Hong Kong airport had won many international awards.

This is the first time Hong Kong has been hosting the expo, which had been hosted by Singapore for the past years.

"The expo moved to Hong Kong this year because the organizer realized the geographical and economical connection of Hong Kong," he said.

Tsang said collaboration was the key to success in the region.

The four-day event showcases commercial aerospace products and services relevant to Asia-Pacific aviation over the next 20 years. It also provides exhibitors and delegates a networking platform and education opportunities.

Tsang also said the opening of the second hangar of the Hong Kong Business Aviation Centre, spreading over 4,500 square metres and built with HK$100 million, would enable Hong Kong to respond to increasing business aviation market needs.

He said the centre's improved service would also strengthen the connectivity of the airport to both the region and the mainland.

The centre director, Michael Kadoorie said the first hangar had recorded less than 1,000 flight frequencies over the past seven years before increasing to 3,000 frequencies last year.

The increase indicated the growing demand for business aviation, he added.

(HK Edition 09/04/2007 page6)