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

 

Hamilton optimistic of attracting new Airport carrier

Hamilton optimistic of attracting new Airport carrier

15 August 2012

Attracting another carrier to Hamilton International Airport will be a priority in the coming weeks for Hamilton City Council who will be working on behalf of other shareholders alongside the Airport Board to identify future strategies and operational opportunities.

A meeting took place this morning with Hamilton International Airport shareholders to discuss Virgin Australia’s announcement today to cease its Hamilton-Brisbane flights from October.

Hamilton City Council has a 50% shareholding in the airport, with Waipa, Matamata-Piako and Waikato district councils each having a 15.625% shareholding and Otorohanga District Council a 3.125% shareholding.

Hamilton Mayor Julie Hardaker says Hamilton Chief Executive Barry Harris has been asked by the shareholding Mayors to work alongside the Chair and Board of the Airport company to develop a plan and identify new strategic opportunities that will optimise the contribution the Airport makes to the regional economy and ensure financial stability.

“The airport is an important strategic asset for the Waikato region. It is important that the shareholders and the Board work together to maximise that strategic importance.”

Airport Chair John Birch says: “There is no expectation that shareholders will have to contribute any funding following this announcement, with the Airport well positioned financially and operating profitably in spite of this loss of revenue.”

The Hamilton and wider Waikato area performs well for international and domestic tourists. This is shown by today’s figures from Commercial Accommodation Monitor (CAM) which show a 4.4% annual increase in guest accommodation nights regionally, bucking the national decrease of 0.2%.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime Union: Deepening Supply Chain Crisis Requires Action

Maritime Union of New Zealand National Secretary Craig Harrison says the global COVID-19 pandemic exposed pre-existing weaknesses in our logistics sector, and created enormous problems... More>>



Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>


Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>