Few things age faster than a business plan built for a world that no longer exists. That may be the most important lesson from the saga of 11 Skies, the vast retail, entertainment and commercial complex beside Hong Kong International Airport that now appears destined for a dramatic reset. Reports that the Airport Authority could take majority control of the project from its private developer have triggered debate over who should bear the cost and who made the wrong bets. The real story of 11...
Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches – by last year. A recent South China Morning Post visit to 11 Skies found it largely empty, with areas cordoned off and store spaces boarded up with hoardings featuring adverts for the...
Hong Kong flag carrier Cathay Pacific Airways will shorten its boarding and gate closure times by five minutes to help ensure on-time departures. The airline said on Thursday that, from June 1, boarding gates at Hong Kong International Airport would close 15 minutes before departure. The boarding time will also move forward five minutes. Cathay explained late-arriving or no-show passengers were a key cause of delays, as safety regulations required removing their checked baggage from the aircraft...