YVR and Shanghai Airport Authority Sign Agreement to Promote Aviation Business between Both Gateways

Memorandum of Understanding on Cooperation signing reinforces BC-China ties

RICHMOND, BC, June 23, 2015 /CNW/ - Today, Vancouver Airport Authority (YVR) signed a Memorandum of Understanding on Cooperation with Shanghai Airport Authority (SAA) designed to strengthen the relationship between the two organizations and jointly develop air services, cultural exchanges and business opportunities.

"We are very excited about this agreement with Shanghai Airport Authority," said Craig Richmond, President & CEO, Vancouver Airport Authority. "YVR is continuing to make strong progress towards better serving the Chinese market and close partnerships with world class organizations like Shanghai Airport Authority ensure that we grow and strengthen Vancouver's air connections between Asia and the Americas."

The cooperation agreement will encourage YVR and SAA to share knowledge and learn from one another. It supports working together on projects that will benefit both organizations' respective airports including hub and cargo development, planning, commercial management and service quality evaluation. In addition, the agreement encourages cross-marketing opportunities.

"Shanghai is building itself as an aviation metropolis which requires a first-class airport and first-class port," said Mr. Jing Yiming, President, Shanghai Airport Authority. "By serving in its role as an international passenger and cargo transit hub, China's gateway, and an express transfer centre, Pudong International Airport is well-equipped to help drive Shanghai to become one of the most competitive air cargo markets in the Asia Pacific region thanks to its excellent facilities and optimized Customs clearance and operating procedures."

In February 2015, YVR and SAA undertook a study to stimulate the cold supply chain for perishable goods. The Memorandum of Understanding signed today builds on this partnership, further improving YVR and SAA's overall aviation business. It also strengthens a growing collaboration between Canada and China, and opens up new business opportunities for both sides.

YVR's commitment to building a sustainable gateway hub is apparent through these signed agreements. YVR remains the only North American airport served by four mainland Chinese carries. YVR's strong linkages with China, which total 70 flights per week during the summer, will gain another key destination on Friday, June 26 as China Eastern begins direct service to Kunming Changshui International Airport (KMG) via Shanghai Pudong International Airport (PVG) from YVR.

Vancouver is the first North American destination from Kunming, Yunnan—one of China's premier tourism regions—and a key gateway destination. For more information on this exciting new service, please visit yvr.ca.

About Vancouver Airport Authority
Vancouver Airport Authority is a community-based, not-for-profit organization that manages Vancouver International Airport (YVR). Canada's second busiest airport, YVR served more than 19 million passengers in 2014. Fifty-three airlines serve YVR, connecting people and businesses to more than 110 non-stop destinations worldwide. YVR was voted Best Airport in North America, and Best Airport in the World for its size category of 10-20 million passengers, in the 2014 Skytrax World Airport Awards. Vancouver Airport Authority is a dedicated community partner and in 2014 donated more than $900,000 to local organizations. We are committed to creating an airport that British Columbia can be proud of: a premier global gateway, local economic generator and community contributor. For more information, please visit www.yvr.ca.

SOURCE Vancouver Airport Authority

Image with caption: "RICHMOND, B.C .: JUNE 23, 2015 -- Mr. Jing Yiming, President of Shanghai Airport Authority (SAA) and Craig Richmond, President and CEO of Vancouver Airport Authority (YVR) sign a Memorandum of Understanding on Cooperation at YVR in Richmond, British Columbia on June 23, 2015. (BEN NELMS for YVR) (CNW Group/Vancouver Airport Authority)". Image available at: http://photos.newswire.ca/images/download/20150623_C9830_PHOTO_EN_43785.jpg

Image with caption: "RICHMOND, B.C .: JUNE 23, 2015 -- Craig Richmond, President and CEO of Vancouver Airport Authority (YVR) shakes hands after signing a Memorandum of Understanding on Cooperation with Mr. Jing Yiming, President of Shanghai Airport Authority (SAA) at YVR airport in Richmond, British Columbia on June 23, 2015. (BEN NELMS for YVR) (CNW Group/Vancouver Airport Authority)". Image available at: http://photos.newswire.ca/images/download/20150623_C9830_PHOTO_EN_43784.jpg

For further information:

YVR Media Relations
604.880.9815 ; media_relations@yvr.ca
www.yvr.ca Twitter: @yvrairport


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