Ann: FORECAST: AIA: AIAUpdated FY16 capital expenditure due to continued growth

• Release Date: 22/10/15 09:58
• Summary: FORECAST: AIA: AIAUpdated FY16 capital expenditure due to continued growth
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					AIA
22/10/2015 09:58
FORECAST
PRICE SENSITIVE
REL: 0958 HRS Auckland International Airport Limited

FORECAST: AIA: AIAUpdated FY16 capital expenditure due to continued growth

Market Release | 22 October 2015

Updated FY16 capital expenditure due to continued tourism and property growth

Auckland Airport has updated its forecast capital expenditure for the 2016
financial year to be between $230 million and $260 million.
Phil Neutze, Auckland Airport's acting chief financial officer, says, "The
updated capital expenditure forecast is a direct result of the strong growth
across our business, especially from those parts driven by tourism and
property."
"The updated guidance is an increase of between 12% and 27% on the top end of
our initial capital expenditure guidance of between $190 million and $205
million, which we announced earlier this year."
"This updated guidance includes approximately $135 million of aeronautical
capital expenditure, focused on upgrading and expanding our terminal and
airfield capacity for passengers and airlines. This will deliver real
benefits to the travelling public and make us an even more appealing hub for
global aviation."
"The additional aeronautical capital expenditure also means Auckland Airport
will be able to meet peak demand this summer with a new international bus
lounge facility, as well as additional layover stands for the larger Code E
aircraft, such as Airbus'
350 XWB and Boeing's B777 and B787-8 Dreamliner."
"I am confident that our investment programme means we are catering for our
short-term aeronautical capacity, the strong property demand pipeline and
aligns with our longer-term plans for the next 30-years and beyond," says Mr
Neutze.
Ends

For further information please contact:
Simon Lambourne
+64 27 477 6120
[email protected]
End CA:00272158 For:AIA    Type:FORECAST   Time:2015-10-22 09:58:16