Share
- Release Date: 11/07/13 15:04
- Summary: GENERAL: IFT: Wellington Airport returns under Commission guideline
- Price Sensitive: No
- Download Document 2.57KB
IFT
11/07/2013 13:04
GENERAL
REL: 1304 HRS Infratil Limited
GENERAL: IFT: Wellington Airport returns under Commission guideline
Wellington Airport released its 2013 performance results to the Commerce
Commission today. With a return on its aeronautical assets of 6.23%, the
airport remains under the Commission's benchmark of 8% for the third year in
a row.
"The Commerce Commission's recent review of Wellington Airport's performance
noted that our current prices are in line with its acceptable range and this
has always been the case," said Wellington Airport Chief Executive, Steve
Sanderson.
Earlier this year the Commission released its report on Wellington Airport
and recognised its innovation, operational efficiency and high quality
passenger experience, but had concerns related to future possible returns
from 2015.
Wellington Airport also announced today that it will start consultation with
airlines over the prices to be charged for use of the airport's terminal and
runway services from 1 April 2014 onwards.
"This is to ensure that future prices, beyond 2014/15, are also in line with
the Commission's acceptable range," said Mr Sanderson.
"Wellington Airport is ranked in the top quartile in the world for similar
sized airports and is committed to improving travel and tourism
infrastructure and ensuring a world-class airport experience for local and
international travellers. We are planning to invest $200 million in that
experience over the next five years," said Mr Sanderson.
The average airline charge per passenger at Wellington is $11.59. This is
forecast to increase by about 70 cents per year over the next three years,
subject to the new consultation process announced today. This will provide:
o A 6000 sqm expansion of the main terminal that will double the width of
the south-west pier
o Improved gate lounge facilities
o Refurbished toilets
o Replacement of 25 year-old fire trucks
o Expanded baggage hall and better access to the terminal
o Improved airfield engineering and compliance.
Since 2011, New Zealand's three major airports have provided performance
information to the Commerce Commission each year as part of regulatory
compliance. This is so the airports can be compared on their performance in
terms of efficiency, innovation and investment, service and profitability.
Wellington's charges are between those charged by Auckland and Christchurch
airports, and in the lower range for airports in Australasia and worldwide in
terms of cost per passenger.
Please find attached the full media release.
End CA:00238484 For:IFT Type:GENERAL Time:2013-07-11 13:04:42
