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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news