New Zealand's Auckland Airport revealed (29-Mar-2014) it plans to construct a new combined international and domestic terminal to meet passenger traffic growth of 40 million by 2044. The airport stated the new infrastructure will feature an underground train station, new car park and terminal plaza. Domestic and international services will be segregated at either end of the crescent-shaped terminal. A new traffic control tower will be constructed to manage both international and domestic services at the terminal. The airport stated the terminal construction is projected for completion by 2019. The airport also said it would construct a northern runway by approximately 2025 to cater for larger aircraft and predicted growth in passenger and cargo traffic. The second runway will run parallel to the existing runway, and have an operational length of up to 2150 metres. It will be built entirely on airport-owned land and without the need for any reclamation. The second runway was originally approved 12 years ago but was not built after demand fell during the global financial crisis. [more - original PR - Terminal] [more - original PR - Runway]
Auckland Airport to construct new combined terminal by 2019, second runway
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The World’s Biggest Airport Construction Projects 2015; total value over USD500 billion. Part 1
In Feb-2013, CAPA introduced its Construction and Capital Expenditure Database, comprehensively listing:
(1) current projects and expenditure at existing airports,
(2) new airport projects under development and
(3) recently completed projects.
There are currently over 2300 airport construction projects worldwide captured in the database, varying from USD1 million to USD20 billion, and over 300 new (i.e. green or brown field, or General Aviation extension) airport developments.
In CAPA's Jan-2014 report, we identified over USD385 billion worth of projects indicated globally, led by Asia with just over USD115 billion of projects either in progress or planned for and with a good chance of completion. Today they exceed USD500 billion.
This is Part 1 of a two part report.
Air New Zealand 1H2015: stronger 2H fuel gains will support 12% "strong growth mode"
Air New Zealand remains one of the world's few investment-rated airlines (Baa3), and the only rated airline outside North America and Europe. Its latest results reinforced that position. Air NZ is building on that strength with a 20% increase in pre-tax profits in the first half of its fiscal year, the six months to 30-Dec-2014. That result was driven by increased revenue performance, notably a 1.9% yield gain and 1.2% increase in traffic.
Air NZ realised only a modest NZD20 million (USD15 million) gain from fuel as lower prices were offset by hedging losses. Air NZ expects a stronger gain of approximately NZD82 million (USD61 million) in the second half, but this too will be well short of what Air NZ could have realised without hedging losses.
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