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

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

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
07/05 AUCKLAND AIRPORT : $10 million in cocaine found in statue air-freighted from Mex..
07/05 AUCKLAND AIRPORT : Alleged cocaine smugglers appear in the Court
07/05 AUCKLAND AIRPORT : $10 million in cocaine found in statue air-freighted from Mex..
07/04 AUCKLAND AIRPORT : New Zealand police seize $14 million worth of cocaine
07/04 AUCKLAND AIRPORT : striving to be a socially responsible business
07/03 AUCKLAND AIRPORT : New Zealand's record $10 million cocaine bust inside diamond-..
07/02 AUCKLAND AIRPORT : Three men arrrested after NZ's biggest cocaine bust
07/02 AUCKLAND AIRPORT : Three men arrrested after NZ's biggest cocaine bust
06/08 AUCKLAND AIRPORT : Singapore Airlines celebrates 40 years in Auckland
05/17 AUCKLAND AIRPORT : and Air China sign new partnership agreement
More news
Sector news : Airport Services - NEC
06/14DJThailand's Duty-Free King Buys Controlling Stake in Thai AirAsia
06/13DJSHANGHAI AIRPORT : Police Blame Migrant Worker for Shanghai Airport Blast
06/13DJSHANGHAI AIRPORT : Explosion at Shanghai Airport Injures at Least Five People
04/28 Lufthansa CEO eyes airline mergers in Europe
04/25DJSYDNEY AIRPORT : Completes US$900 Million Bond Issue
More sector news : Airport Services - NEC
Advertisement
Financials ( NZD)
Sales 2016 572 M
EBIT 2016 364 M
Net income 2016 218 M
Debt 2016 1 837 M
Yield 2016 2,39%
P/E ratio 2016 40,50
P/E ratio 2017 36,86
EV / Sales 2016 18,6x
EV / Sales 2017 17,2x
Capitalization 8 788 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 5,94  NZD
Spread / Average Target -20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Adrian Littlewood Chief Executive Officer
Henry William van der Heyden Chairman
Phil Neutze Chief Financial Officer
Richard John Didsbury Independent Non-Executive Director
James Bruce Miller Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUCKLAND INTERNATIONAL..6 331
AENA SA22.39%21 624
SYDNEY AIRPORT HOLDING..18.27%12 807
AÉROPORTS DE PARIS-11.27%10 519
AUCKLAND INTERNATIONAL..--.--%6 331
FLUGHAFEN ZUERICH AG20.31%5 750
More Results