Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Auckland International Airport Limited    AIA   NZAIAE0001S8

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Auckland Airport : Development of airports second runway by around 2025

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/28/2014 | 06:12pm CEST

29 March 2014

Auckland Airport will build a northern runway by around 2025 to cater for growth in passengers, cargo and larger aircraft.

The second runway will be located to the north of the new terminal and will run parallel with the existing southern runway. It will have an operational length of up to 2,150 metres and restrictions on flights to and from the east at night. It will be built entirely on airport-owned land and without the need for any reclamation of the Manukau Harbour.

The second runway was originally approved 12 years ago but was not built due to demand dropping during the global financial crisis.  Passenger travel is recovering strongly following the global financial downturn and the second runway will be needed.

Auckland Airport chief executive, Adrian Littlewood, says, "We've always planned well ahead and the timing and the shape of the second runway have evolved to reflect feedback from airlines about their needs and to meet the changing demands of new aircraft."

"The airlines prefer domestic operations to stay close to the existing runway. The new northern runway will be primarily used for the modern, larger and quieter international aircraft, such as the Airbus 320 and the Boeing 777 and 787.  We will move it a little to the north to have enough space between the two runways to handle the bigger planes."

"We need to build the second runway when aircraft movements can no longer be accommodated on a single runway. The new combined domestic and international terminal will be needed earlier than the new runway."

"At some point beyond 2044 the northern runway's operating length may also need to be extended by approximately 890 metres to improve its efficiency and meet the requirements of the larger aircraft forecast to fly into Auckland in the future. We are applying now through the Auckland Council's Unitary Plan process to be able to extend the second runway when demand ultimately requires it."

"We have always planned well ahead and provided early information to the communities neighbouring the airport and other stakeholders. We will be holding community briefings in April to explain our plans in more detail," says Mr Littlewood.

Ends

For further information please contact:

Simon Lambourne
+64 9 255 9089
+64 27 477 6120
simon.lambourne@aucklandairport.co.nz

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUCKLAND INTERNATIONAL AIR
06:12a AUCKLAND INTERNATIONAL AIRPORT : Airport welcomes increased flights on Bangkok t..
08/17 AUCKLAND INTERNATIONAL AIRPORT : Airport welcomes direct flights on Manila to ro..
08/14 AUCKLAND INTERNATIONAL AIRPORT : New partnership with market-leading omni-channe..
08/03 AUCKLAND INTERNATIONAL AIRPORT : Traffic congestion costs Auckland`s economy $1...
08/02 AUCKLAND INTERNATIONAL AIRPORT : Airport may require balance sheet support
07/28 AUCKLAND INTERNATIONAL AIRPORT : FY18-22 aeronautical price setting disclosure w..
07/20 AUCKLAND INTERNATIONAL AIRPORT : Airport upgrade logical
07/19 AUCKLAND INTERNATIONAL AIRPORT : Judy Nicholl Announced New Counties Power Chief..
07/06 AUCKLAND INTERNATIONAL AIRPORT : Havoc from storm Downpours, thunderstorms and h..
07/03 AUCKLAND INTERNATIONAL AIRPORT : Airport announces new general manager of aerona..
More news
Financials ( NZD)
Sales 2017 634 M
EBIT 2017 405 M
Net income 2017 252 M
Debt 2017 2 096 M
Yield 2017 2,85%
P/E ratio 2017 33,51
P/E ratio 2018 32,58
EV / Sales 2017 16,6x
EV / Sales 2018 15,9x
Capitalization 8 424 M
Income Statement Evolution
Consensus
 
Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 6,14  NZD
Spread / Average Target -13%
EPS Revisions
Managers
NameTitle
Adrian Littlewood Chief Executive Officer
Henry William van der Heyden Chairman
Phil Neutze Chief Financial Officer
Richard John Didsbury Independent Non-Executive Director
James Bruce Miller Independent Non-Executive Director
Sector and Competitors