Wednesday 3rd December 2008
|Text too small?|
The changes represent a shift away from building infrastructure and capacity after the company expanded its retail space and boosted capacity of its air bridges, said chief executive Simon Moutter.
"The focus will be on people not planes," Moutter said in a statement, which also unveiled the airport company's new leadership team.
Auckland Airport's executive team will include Glenn Wedlock as general manager for aeronautical development and Adrian Littlewood as general manager retail, starting early 2009. The company has also appointed Andrew Pirie as strategic communications adviser. Steve Reindler, general manager for engineering, left last month.
"With tougher global economic conditions and volatile fuel prices influencing likely passenger and airfreight demand, it is critical that Auckland Airport puts significantly more focus on business development activity, partner support and working on new growth strategies," Moutter said.
Shares of the airport company rose 2.4% to NZ$1.68 and are down about 45% this year. The stock is rated a 'hold' by six of nine analysts who follow the stock. Two rate is a 'buy' and one has an 'outperform' rating on the stock.
No comments yet
Auckland International Airport Limited (NZX: AIA)
Auckland Airport sees growth in luring Asian travelers, tapping landbank
Auckland Airport shares climb to 6-year high on better earnings, higher dividend
Auckland Airport boosts FY profit 25 percent as property values rise, ups dividend
Auckland Airport expected earnings just within regulator's tolerance
Ex-Fonterra chairman van der Heyden to lead Auckland Airport board
Auckland Airport's 8 percent expected returns 'reasonable', regulator says
Auckland Airport 1H profit rises 11 percent on growth in domestic passenger traffic
Pre-Offer Announcement - Auckalnd International Airport
Auckland Airport flags $100 mln bond offer