The Queenstown Airport
Corporation's board of directors chose not to offer airport
shares on the open market because they were satisfied with
the $27.7 million price agreed with Auckland International
Airport Ltd for its 24.99% stake in Queenstown Airport.
Jetstar estimates the number of flight diversions into
Queenstown Airport due to bad weather will reduce from more
than 10% to less than 1%, following the installation of the
latest Required Navigation Performance (RNP) equipment in its
entire New Zealand fleet.
Queenstown Lakes district
councillors were divided into two camps yesterday as fallout
continued from the surprise sale of a quarter of Queenstown
Airport shares, worth $27.7 million, announced on Thursday.
Proceeds from Auckland International Airport's
$27.7 million investment in Queenstown Airport will not
alleviate this year's average 7.7% rates rise for the
Queenstown Lakes district, and nor should it, Mayor Clive
Geddes said yesterday.
A $27 million deal to sell a quarter-share in Queenstown
Airport without consulting ratepayers first was criticised
yesterday by former mayor Warren Cooper as "deeply
disturbing" and mayoral aspirant Vanessa van Uden, who said
the process "sucked".