Auckland Airport says it is in a good position to take advantage of future opportunities after reporting a 3.5 per cent increase in full year net profit. The airport group posted net profit after tax of NZ$223.5 million for the 12 months to June 30 2015, up 3.5 per cent from NZ$215.9 million in the
Former senior Qantas executive Lyell Strambi has been named chief executive of Asia Pacific Airports Corporation (APAC), the owner and operator of Melbourne and Launceston airports. Strambi, who was previously chief executive of Qantas’s domestic operations, will start his new job on September 21, Melbourne Airport said in a statement on Wednesday. Prior to joining
Sydney Airport’s plans to create two integrated terminal precincts each capable of handling both international and domestic services has taken a step forward with the buyback of Qantas’s lease over Terminal 3. Although there will be no change to the existing arrangements – with international flights at the western side of airport at Terminal 1 and
Sydney Airport has paid Qantas $535 million to buy back the airline’s lease over Terminal 3 in what the pair describe as a “win-win” for both parties. The deal, announced on Tuesday, comes four years before Qantas’s 30-year lease over Terminal 3 was due to expire. Sydney Airport said the transaction was “strategically important
Tigerair Australia has left the tin shed for a new home at Melbourne Airport. The low-cost carrier has moved into the newly opened Terminal 4 at Melbourne Tullamarine, which features new technology automated checkin kiosks and bag drop facilities, as well as an expanded departure lounge and more shopping and food choices. Tigerair chief executive
Virgin Australia chief executive John Borghetti expects the airline’s new terminal at Perth Airport to be ready by the end of November. The new Virgin terminal was due to open in June 2014. However, delays and building issues have forced Perth Airport to push back Virgin’s move in date on several occasions. As a result,
