yes , but the numbers do not justify the infrastructure costs of a new airport.
the existing one can easily accommodate 5 years of Chinese growth and a lot more for that matter, but because the wombats near the flight paths are voters and curfew hours are sensitive issues, it then becomes a case of the influential voter syndrome.
who the hell is going to pay for the new airport anyway? an over abused taxpayer, that's who!
so why is SYD in two minds about forking out more than it can afford on a new terminal?
it is quite simple- it has a first refusal option. if it declines it will lose market share to a new player, and if it proceeds , the costs will cut into their profit margins, regardless of their capability of charging customers whatever they think seems fit.
you will probably also find that any prospective new player will be granted incentive allowances which would not be offered to SYD if it elected to take up the offer.
so what do you do if you hold SYD?
buggered if i know, i am just a gossip merchant
cheers crazypunter
