Zhejiang Airport Group enters JV with CDFG for Hangzhou Xiaoshan Airport

By Charlotte Turner |

On 8 February, Zhejiang Airport Group named China Duty Free Group (CDFG) the successful bidder for Hangzhou Xiaoshan International Airport’s Terminal 4 duty free contract, including both arrivals and departures stores.

 

The two companies have also announced that they have established a joint venture company to jointly operate duty free at the terminal, creating a ‘world-renowned new first-tier’ airport duty free flagship store.

 

CDFG said it attaches great importance to the development of duty free at Hangzhou Airport, and has been working with Zhejiang Airport Group for 12 years.

 

Construction on T4 began in October in 2018, and is slated to be finished well ahead of the Asian Games due to take place in September of this year.

 

CAPACITY OF 50 MILLION ESTIMATED BY 2030

T4 stretches an impressive 720,000 square metres to accommodate an estimated 50 million passengers by 2030.

 

CDFG made an announcement via their website.

CDFG made an announcement via their website.

CDFG already operates a 1,207sq m store at Hangzhou Airport. The departures store will take up the majority of the retailer’s 3,672sq m footprint yet to be created in T4, with the arrivals store taking up just 111sq m.

 

“The new duty free shop will fully reflect the high-tech characteristics of Hangzhou,” said CDFG.

 

“It will demonstrate the digital vitality of CDFG…[we will] carry out integrated online and offline operations; realise a truly technological and modern new duty free format; create a new retail ecosystem and help build Hangzhou Xiaoshan International Airport into a first-class international airport.”

 

“Under the leadership of the parent company China Tourism Group, CDFG has made great efforts to deploy large-scale hub airports in recent years,” added CDFG.

 

“The successful bid for the operation of duty free shops in the T4 terminal of Hangzhou Xiaoshan International Airport will further consolidate the channel advantage CDFG has in large and medium-sized airports in China, and help CDFG to continue to become stronger, bigger and better.”

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