Auckland Airport expands by ‘royal’ appointment – buys initial stake in Queentown
Auckland International Airport Ltd (AIAL) has acquired an initial minority 24.99% shareholding of the increased capital in New Zealand's Queenstown Airport Corporation by subscribing for approximately four million new shares. It was only six months ago that AIAL took a stake in the Cairns and Mackay airports in Australia (North Queensland Airports Group) and this transaction enhances AIAL's new strategy of investing outside of its core operation. The main questions raised are whether AIAL's concept of multi-destination (Auckland/Queenstown) tourism marketing can succeed, and in what markets; what type of carrier Queenstown will now seek to attract; and whether Christchurch Airport, which calls itself 'New Zealand's Tourism Gateway' will just roll over and die, or fight back?
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.