RESTRICTED

073231

MDLIAN 6182

OUT, VERY CAREFULLY. UNTIL THEN IT WAS NOT POSSIBLE TO COMMENT ON THE AIRPORT'S FUTURE.

COMMENT

9. MACAU AIRPORT IS AT A CROSS-ROADS. UNTIL THE AIRPORT COMPANY IS CONFIDENT OF RAISING THE ADDITIONAL CAPITAL, IT WILL NOT SIGN THE RUNWAY AND PILING CONTRACTS. EVERYONE AGREES THAT AT THE MOMENT THE PROJECT COULD STILL BE CANCELLED, AND THE LEVELLED LAND SIMPLY USED FOR HOTEL/CASINO PURPOSES. THE CONTRACTS, WHEN SIGNED, WILL BE A BIG COMMITMENT. THE FINANCIAL REPORT, AND THE REACTIONS TO IT OF THE GOVERNOR AND PROFESSOR PINTO, IT THEREFORE CRUCIAL.

10. WE HOPE IN DUE COURSE TO OBTAIN A COPY OF THE REPORT. MEANWHILE, IN TERMS OF WHAT UKAG SHOULD BE DOING, IT WOULD CLEARLY BE USEFUL TO GET ALONGSIDE SILVA IN LISBON. BUT THIS IS NOT THE MOMENT FOR ADDITIONAL PRESENTATIONS IN MACAU. THE MAIN CONTRACTS SHOULD BE SIGNED FIRST. WE WILL SEND BY BAG SILVA'S DESCRIPTION

OF CAA AND THE AVIATION STRUCTURE IN MACAU.

SMITH-LAITTAN

YYYY

ΜΑΙΝ

45

AIR SERVICES

LIMITED

AMD

LEGAL ADVISERS

HKD

FED

NAD

DISTRIBUTION

54

PS/MR LENNOX-BOYD

PS/PUS

SIR J COLES

MR BAYNE

MR SLATER

MR BURNS

MR BEAMISH

ADDITIONAL

IAD RM S608 DEPT TRANSPORT INT AVIATION&TOURISM DIV CAA

w w w w

MR RAMSAY PUSD (E203)

DTI PEP VIC ST

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