Transport Minister Chikage Ogi on Tuesday reappointed Yasuo Shingu as chairman of Kansai International Airport Co. and Kiyoyasu Mikanagi as its president.

The reappointments, approved at the day’s Cabinet meeting, will be formalized at the company’s general shareholders meeting to be held June 27.

The loss-making, third-sector company, founded in 1984 and currently capitalized at 529.05 billion yen, is about 67 percent owned by the central government and the remainder by local governments and the private sector.

Kansai International Airport, with one 3,500-meter runway, opened in September 1994 to primarily serve Japan’s second-largest metropolitan area centering on Osaka.

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