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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news