Local News

The Ministry of Land, Infrastructure, and Transport released the financial statements for Japan’s 26 state-managed airports for FY 2006. An examination of their finances performed after removing the airports’ income derived from tax allocation shows that 22 of them, or 80%, lost money. The biggest money-loser of all was Fukuoka Airport, which was 6.7 billion yen in the red. Other regional airports that were in the hole were those in Kitakyushu, Nagasaki, Oita, and Miyazaki. Officials think the plan to expand the current airport in Fukuoka will result in greater losses.