WIA
30/06/2014 15:17
GENERAL
REL: 1517 HRS Wellington International Airport Limited
GENERAL: WIA: Wellington Airport to hold aeronautical charges
MEDIA RELEASE
For immediate release
Monday 30 June 2014
Wellington Airport to hold aeronautical charges over next five years
Today Wellington Airport issued its final pricing document, after the
decision to re-price, for using the airport's terminal and runway services
from June 2014 to March 2019. Over the next five years the airport will hold
the average price per passenger in line with current charges.
"The collaborative consultation with Air New Zealand, Jetstar, Qantas and
Virgin has delivered positive outcomes and will see the airport invest $112M
over the next 5 years in the terminal's expansion and apron development. We
believe this is a great package for the airlines and travelling public," said
Steve Sanderson, Wellington Airport's Chief Executive.
"Wellington Airport is committed to improving travel and tourism
infrastructure and is consistently rated among the best in Australasia for
service quality."
Starting in September this year the airport will commence construction for
the extension to the main terminal. This will add 5200sqm of space, double
the width of both southern piers and remove the large air handling units that
currently take up a significant foot-print in the main terminal.
"In addition to the major extension, we are also going to improve the
domestic lounges at the northern end of the terminal, along with introducing
washroom facilities at the gates."
The airport's targeted return for the coming five year period would remain
within the acceptable regulatory benchmark and the process used by the
airport to set new prices is consistent with the Commerce Commission's.
Last year the airport released its 2013 performance results to the Commission
and its return on aeronautical assets was 6.23%, well under the regulatory
benchmark of 8%. The airport also announced that it would consult with
airlines to set new prices for June 2014 to March 2019.
The Commerce Commission's review of Wellington Airport's performance noted
its current returns were under the acceptable range and this has always been
the case. The Commission also recognised the airport's transparent and
consultative approach to price setting, innovation and delivery of a quality
passenger experience."
"Wellington Airport makes a vital contribution to the local and national
economy and it is important that the regulatory regime provides incentives to
invest and grow tourism and travel infrastructure over the long term.
ENDS
Enquiries to: Greg Thomas
[email protected]
021 430 435
End CA:00252235 For:WIA Type:GENERAL Time:2014-06-30 15:17:30
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