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- Release Date: 12/12/13 10:30
- Summary: GENERAL: AIA: AIAL Merits review judgment
- Price Sensitive: No
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AIA
12/12/2013 08:30
GENERAL
REL: 0830 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL Merits review judgment
Last night the High Court released its judgment on various appeals against
input methodologies set by the Commerce Commission under Part 4 of the
Commerce Act.
The input methodologies set out how certain information must be disclosed by
airports. Some methodologies were appealed by Air New Zealand, and Auckland,
Wellington and Christchurch airports.
Charles Spillane, Auckland Airport's general counsel, says, "We have not yet
completed a detailed review of the judgment. However, and regardless of
whether any appeals are taken, our initial review indicates that the judgment
provides valuable guidance on complex economic regulatory matters."
"We welcome the High Court's acceptance of the airports' appeal in relation
to the starting date for land valuation. Other than this, the approach of the
Commerce Commission to the input methodologies in relation to airport
information disclosure has been upheld by the Court."
"The Commission recently concluded that Auckland Airport's aeronautical
prices are acceptable and the information disclosure regime is effective.
This judgment will not require Auckland Airport to reassess its current
aeronautical prices, which apply through until 30 June 2017," says Mr
Spillane.
Ends
For further information please contact:
Simon Lambourne
+64 9 255 9089
+64 27 477 6120
[email protected]
End CA:00245050 For:AIA Type:GENERAL Time:2013-12-12 08:30:04
