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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news