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Australian Infrastructure Fund bounces back after missing out on Mackay

Australian Infrastructure Fund's (AIF) shares have bounced back from their lows last week, with some solid sessions, including another 6.5% increase on 25-Nov-08. AIF missed out on the sale of Mackay Airport, which was sold to a consortium made up of Private Capital Group, Perron Investments and Westpac Banking Corporation for approximately USD130 million.

The Queensland Government stated the Cairns Airport sale process, which is running in parallel with the Mackay Airport transaction, was also "well advanced", with AIF also in the frame for this, more valuable, asset.

Selected airports daily share price movements (% change): 25-Nov-08