Airport Corporation Facing Possible Bankruptcy 桃機因疫旅客崩跌剩2% 瀕臨破產危機

The Taoyuan International Airport Corporation is facing its first bankruptcy crisis in the company's 11-year history as the airport has been hit hard by the pandemic.


The airport is empty. Taoyuan International Airport has been hit hard by the epidemic and strict border control. The passenger number last year plummeted to a mere 2 percent of the 2019 volume. The airport relied on loans to survive. It is estimated that the airport will borrow more than NT$10 billion in March. The total construction cost of the third runway is more than NT$130 billion and the airport is facing its first bankruptcy crisis since the company's establishment 11 years ago.

Hung Yu-fen, Senior Vice President, Taoyuan International Airport Corporation: “So far we have probably borrowed more than NT$7 billion. We expect that by March, based on our project progress and related plans, we may accumulate about NT$10 billion in borrowings.”

Taoyuan Airport has been operating for more than 40 years. It transformed into a company in November 2010. Prior to the virus outbreak, the company made money every year and its accumulated profits exceeded NT$50 billion. After the outbreak, Taoyuan Airport suffered losses for the first time in its history in 2020. The company has slowly been borrowing money since 2021 just to continue operations. The airport company has said that losses are inevitable without passengers. It is also frank that its current financial situation is not very good.

Passenger: “(What do you think the current crowd compared to before?) A big difference. (What do you mean?) There are very few passengers.”

Hung Yu-fen, Senior Vice President, Taoyuan International Airport Corporation: “The epidemic started in about February 2020. Passenger arrivals of over 48 million from that time dropped to about 910,000 people in 2021. It's only about only 2 percent of arrivals left.”

The airport was originally the country's cash cow but the number of passengers has plummeted and there is no income. The company is also under pressure to start paying for the Terminal 3 Construction Project. The Airport Corporation's capital is NT$24.8 billion. If its debt exceeds its capital, the company will face bankruptcy. Taoyuan Airport said that at present, it is still impossible to predict when the epidemic will stop and when the aviation industry will recover. Diversified financing plans have been drawn up, including borrowing, issuing corporate bonds, and adjusting its fee standards. They will also seek a capital increase from the Ministry of Transportation and Communications to tide over the epidemic crisis. 

 

 

 

 

機場空蕩蕩,受疫情和邊境嚴管衝擊,桃園機場受災慘重,去年旅客數只剩下2%左右,得靠舉債度日,預估3月舉債金額將破百億,加上第三航廈及第三跑道建設總經費1300多億,桃機面臨成立公司11年來首次破產危機。

桃園機場公司副總經理洪玉芬指出: 「目前為止大約已借款70幾億,預計到3月份,按照工程進度及相關計劃,可能會累積借到100億左右。」

桃園機場機啟用迄今40多年,自2010年11月轉型公司化,疫情發生前,年年都有盈餘,累積賺超過500億,疫情發生後,桃機公司不但在2020年首度出現虧損,2021年開始舉債度日,機場公司說到沒有旅客,虧損是必然的,也坦誠目前財務狀況不是很好。旅客也表示,現在機場人潮跟之前比差很多。

洪玉芬說明:「疫情從109年2月開始,旅客人次從4千8百多萬人次,到去年大概110年約91萬人次,跌到只剩下2%。」

原來的國家金雞母,旅客量驟減、沒有收入,第三航廈工程也面臨工程款支付壓力,桃機資本額為248億,若舉債超過資本額將面臨破產,桃機公司表示,目前仍無法預估疫情何時止步、航空業何時復甦,已擬定多元化籌資方案,包括借貸、發行公司債、調整收費標準,也將向交通部尋求增資,度過這波疫情危機。

九合一選戰解析

相關新聞