23 May 2003
Wellington International Airport Limited (WIAL) has welcomed the Minister of Commerce's decision not to impose price controls on airfield activities at Auckland, Wellington and Christchurch airports.
The Minister's decision follows extensive investigations into airfield pricing that began back in 1998 and takes into account the recent increase in airfield charges at Wellington airport.
"WIAL has a strong commitment to driving more business to, and through, the Wellington and wider regional economy. This decision enables us to proceed with certainty, and knowing that we can continue to provide both cost effective services and fair returns to our shareholders," says the Chief Executive of WIAL, John Sheridan.
"Having invested $116m in the new terminal facilities there is a very real incentive for us to work with the airlines to increase passenger numbers."
"We see this decision being significant to the whole New Zealand economy, as it sends a clear signal that the Government is committed to creating a climate that attracts investment. Regulatory consistency is key to investors making the long term commitment required in infrastructure investment," says John Sheridan.
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