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

 


Airport pricing gets ministers’ attention

Media Release August 1 2014

Airport pricing gets ministers’ attention

Airport pricing is now under ministerial microscopes.

John Beckett, executive director of BARNZ (the Board of Airline Representatives NZ), says that is exactly where airport landing charges and terminal charges should be examined.

“Airports in New Zealand are currently free to charge airlines as they see fit, despite the fact that they have monopoly positions,” Mr Beckett says. “That is not the case in most developed countries."

“A recently concluded review by the Commerce Commission covering Auckland, Wellington and Christchurch Airports showed the real need for regulatory teeth for airport pricing. The Commission concluded that both Wellington and Christchurch Airports were targeting excessive profits. An examination of the effectiveness of information disclosure regulation for major international airports has been initiated in consultation papers by the Ministry of Transport and Ministry of Business Innovation and Employment (MBIE) released today. BARNZ welcomes the review and is confident that it will conclude that regulatory change is required to protect consumers from excessive prices in the future. A negotiate/arbitrate process that would be ideal for airports is already contained in the Commerce Act framework.

Mr Beckett says travellers are affected by what airlines get charged by airports because the costs get reflected in ticket prices. “The current New Zealand regime is extraordinarily light handed,” Mr Beckett says. “It is time we adopted international best practice."


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news