Media Release
12 January 2010

Airport investment positive for Auckland economy

Manukau City Council, which has a 10.05 per cent shareholding in Auckland Airport, sees the company’s investment in North Queensland Airports as a positive move for Auckland’s future development.

Mayor Len Brown says the Auckland Airport’s decision to invest in North Queensland Airports supports Manukau’s, and the region’s, aim to encourage new initiatives that will strengthen and grow Auckland’s economy.

“The Manukau community has given us a very clear message that it values our investment in Auckland Airport and as a strategic asset for Auckland and New Zealand. As a shareholder, the council supports the strategy for the airport to grow its core business, and therefore increase returns to investors,” Mr Brown says.

Above that is the potential for Auckland as a whole.

“This acquisition will assist Auckland, and New Zealand, in generating a greater share in trade and the tourism industry that underpin our economy.

“Auckland has around 21 million visitors every year, with 12 million coming through the Auckland airport. The airport makes a huge contribution to the local economy – 25 per cent to the regional GDP. It’s a major employer for Manukau and Auckland as a whole and holds an important place in helping drive Auckland’s progress as an international city and region.”

ENDS

© Scoop Media