Airport dividend worth millions

Roger Taylor
Roger Taylor
A "prudent" approach has been taken by the Queenstown Airport Corporation in its proposed dividend policy for providing a return to the Queenstown Lakes District Council, which could see the community receive $2.25 million by September and a total of $3.75 million after the next financial year.

The policy was considered by the council at its full meeting in Queenstown on Tuesday in a public-excluded discussion.

In a statement yesterday, council regulatory and corporate services general manager Roger Taylor said the council had approved the policy, which would act as a guide to Queenstown Airport shareholders on the expected cash returns to the community.

Queenstown Airport chief executive Steve Sanderson told the Otago Daily Times the first $2 million payment would be paid after the end of the current financial year, once the Queenstown Airport operation's accounts were finalised and audited.

- tracey.roxburgh@odt.co.nz

 

Add a Comment

 

Advertisement

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter