Scoop has an Ethical Paywall
Wellington Airport to hold aeronautical charges
Wellington Airport to hold aeronautical charges over next five years.
Today Wellington Airport issued its final
pricing document, after the decision to re-price, for using
the airport’s terminal and runway services from June 2014
to March 2019. Over the next five years the airport will
hold the average price per passenger in line with current
charges.
"The collaborative consultation with Air New Zealand, Jetstar, Qantas and Virgin has delivered positive outcomes and will see the airport invest $112M over the next 5 years in the terminal’s expansion and apron development. We believe this is a great package for the airlines and travelling public,” said Steve Sanderson, Wellington Airport’s Chief Executive.
“Wellington Airport is committed to improving travel and tourism infrastructure and is consistently rated among the best in Australasia for service quality.”
Starting in September this year the airport will commence construction for the extension to the main terminal. This will add 5200sqm of space, double the width of both southern piers and remove the large air handling units that currently take up a significant foot-print in the main terminal.
“In addition to the major extension, we are also going to improve the domestic lounges at the northern end of the terminal, along with introducing washroom facilities at the gates.”
The airport’s targeted return for the coming five year period would remain within the acceptable regulatory benchmark and the process used by the airport to set new prices is consistent with the Commerce Commission’s.
Last year the airport released its 2013 performance results to the Commission and its return on aeronautical assets was 6.23%, well under the regulatory benchmark of 8%. The airport also announced that it would consult with airlines to set new prices for June 2014 to March 2019.
The Commerce Commission’s review of Wellington Airport’s performance noted its current returns were under the acceptable range and this has always been the case. The Commission also recognised the airport’s transparent and consultative approach to price setting, innovation and delivery of a quality passenger experience.”
“Wellington Airport makes a vital contribution to the local and national economy and it is important that the regulatory regime provides incentives to invest and grow tourism and travel infrastructure over the long term.”
ends
Wellington Airport
Wild at Heart
Wellington Airport provides a world class airport for visitors, the Wellington region and New Zealand. It's international terminal, The Rock, is ranked 4th best in the World. Being very close to the CBD saves 5.4 million travellers plenty of time and makes Wellington a more attractive place to visit. The Airport won the Wellington Gold Awards for Safety and is a major supporter of local events, attractions and community groups.
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
University of Auckland: Research To Address Equity In STEM For Māori, Pacific And Female Students
