Infratil says talks on Wellington Airport charges to begin

Monday 2nd May 2011

Wellington Airport has started a five-yearly price consultation with its major airline customers, according to majority owner Infratil.

This is the fourth time Wellington Airport has undertaken price consultation with its airline customers and the consultation covers the five years from April 1, 2012.

The parties consult on the factors determining aeronautical charges and the structure of those charges.

The aeronautical assets on which the airport will seek to achieve a fair return are determined and the fair return on the assets is decided by independent experts, with reference to the airport's actual cost of borrowing.

The assets comprising the airfield, parts of the terminals and hangers will change over the five years. Any expected gains in value of aeronautical assets are treated as part of the airport's aeronautical income.

A per passenger, or per aircraft charge, covers the airport's operating cost and allows a fair return on the assets. Infratil did not indicate an expected fair return value.

By 2017 about one million more passengers will be using Wellington Airport than used it last year and new facilities will be needed to accommodate them.

Infratil said the road between Wellington Airport and the city was the most congested in New Zealand outside of those in Auckland.

NZPA

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