demand is
questionable.
Indeed, if we are
prepared to continue to
put in more and more
stringent restraints to reduce the excess air
traffic demand as
just as well keep
quite obviously a
restrictive
suggested in case (c), we may
Kai Tak indefinitely. But
congested airport with highly
operations at a high level of charges
would not be conducive to the well-being of the
economy. We will have much to lose by
Hong Kong
maintaining
an airport in such a state. The gist
of having a new airport is precisely that it
should
have
sufficient
capacity to
meet
unconstrained growth in demand for a considerable
length of time.
Furthermore, given that the operations of the air
service industry are bound by international
agreements, the extent to which airport charges
air fares
be adjusted upwards
unilaterally for the
and
can
growth in demand is
mere purpose of curtailing
rather limited. (In fact,
the possibility of using the price mechanism to
regulate demand had also been explored in the Kai
Tak Consultancy Study. The conclusion was that
there were practical limits to the feasibility of
adopting such an approach.)
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