Auckland Airport should be on a winner buying into Cairns and Mackay Airports. Who's next?

New Zealand's Auckland International Airport (AIAL) has agreed to purchase a 24.55% stake from Westpac Bank in North Queensland Airports (NQA), the operator of Cairns Airport and Mackay Airport, for NZD166.5 million (AUD133.5 million, USD123.4 million). AIAL’s CEO, Simon Moutter stated he is bullish about the future performance of Cairns and Mackay airports, due to the growing number of LCCs operating from those airports. He added the primary motive for the purchase was to increase passenger traffic to Auckland, particularly through Asia, as the Queensland airports continue to push for traffic from Asia. He is hopeful the stake will boost passenger numbers through Auckland Airport by 100,000 a year within the next five years. Was it a high price to pay for additional feed at Auckland? Industry change and tourism authority cooperation could make this model work.

This CAPA Premium Analysis article is 2,663 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com