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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

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