Australia Pacific Airports Corporation
 |
|
| Private | |
| Industry | Airports |
| Founded | 1995[1] |
| Headquarters | Gladstone Park, Victoria, Australia |
|
Area served
|
Australia |
|
Key people
|
Don Mercer, Chairman[2] Chris Woodruff, CEO[2] |
| Revenue |  A$642 million (2012-13)[3] |
| Profit | A$202 million (2012-13)[3] |
| Divisions | Australia Pacific Airports (Melbourne) Pty Ltd Australia Pacific Airports (Launceston) Pty Ltd |
| Website | [1] |
Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd (APAM) and Australia Pacific Airports (Launceston) Pty Ltd (APAL) respectively.[4]
APAC acquired the lease for Melbourne Airport for A$1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for A$18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.[1] Each airport is under a fifty year long term lease from the Australian Government, with options for a further forty-nine years.[2]
The company is majority Australian owned by five Australian fund managers:
AMP Capital Investors 28.54% Industry Funds Management 23.67% Deutsche Australia Ltd 19.97% Future Fund 19.12% Hastings Funds Management 8.7%
The Chief Executive Officer is Lyell Strambi.[5]">
APAC makes money from charging landing fees to airlines, from retail operations and office accommodation within its airports and from parking fees. Most aspects of pricing at both airports are monitored by the Australian Competition and Consumer Commission, and the Federal Department of Infrastructure, Transport, Regional Development and Local Government has jurisdiction over airport planning, environmental management and aviation safety and security. These were part of the conditions of privatisation of the airports.
References
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.[dead link]
