Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Chch Airport considers Commerce Commission draft report

Christchurch Airport considers Commerce Commission draft report

Christchurch Airport is considering a draft report released this morning by the Commerce Commission.

Airport CEO Jim Boult says he and his team are considering the draft report and will respond to the Commission within the timeframe provided.

“We are pleased the Commission has endorsed our 6.8% return for the current pricing period as appropriate,” says Mr Boult.  “The Commission also stated it has no concerns with our performance in many areas, including investment, innovation, quality and operating efficiency.

“The Commission has also endorsed the use of a long-term pricing model as an efficient approach in principle.

“While it has expressed concerns at the level of long-term returns we are targeting, we have only set prices for the current five year period – and they are the prices the Commission has endorsed.

“Beyond that, we are obliged to consult every five years with our airline customers and at that time will also consider points raised by the Commission. “

Mr Boult says CIAL is disappointed by some comments in the report.

“We take issue with the comments suggesting we did not take note of the information disclosure process. We engaged fully and transparently, but accept that the information we provided and the longer term pricing model are complex  and require extra consideration by our airline customers and the Commission.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news