Australia Pacific Airports Corporation Explained

Australia Pacific Airports Corporation Limited
Type:Private
Foundation:1995
Location City:Melbourne Airport, Victoria
Location Country:Australia
Area Served:Australia
Key People:Peter Hay, Chairman[1]
Lorie Argus, CEO
Industry:Airports
Divisions:Australia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
Revenue: A$1.04 billion (2018-19)[2]
Net Income: A$ 390 million (2018-19)

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 and Australia Pacific Airports (Launceston) Pty Ltd respectively.[3]

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.[4] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.[1]

The company is majority Australian owned by five Australian fund managers:[5]

The chief executive officer is Lorie Argus.

External links

Notes and References

  1. Web site: Melbourne Airport — Corporate / Annual Reports . . 30 June 2008 . https://web.archive.org/web/20080719091223/http://www.melbourneairport.com.au/about_airport/corporate/ . 19 July 2008 . live .
  2. Australia Pacific Airports Corporation Annual Report 2019 . Australia Pacific Airports Corporation Limited . 1 July 2019 . 2021-03-05 . dead . 1 March 2021 . https://web.archive.org/web/20210301050547/https://www.melbourneairport.com.au/getattachment/Corporate/About-us/Corporate-Information/Annual-reports/AP003ia-4-APAC-AR19_AW.pdf.aspx?lang=en-AU&ext=.pdf .
  3. Web site: Towards a National Aviation Policy Statement . . 7 July 2008 . 30 June 2008 . https://web.archive.org/web/20080720235956/http://www.melbourneairport.com.au/downloads/pdfs/Australia_Pacific_Airports_Corporation_-_Response_to_Aviation_Review_Issues_Paper.pdf . 20 July 2008 . dead .
  4. Web site: 1997-1998 Annual Report . Australia Pacific Airports Corporation Limited . 1998 . 30 June 2008 . https://web.archive.org/web/20080724032806/http://www.melbourneairport.com.au/downloads/pdfs/Annual%20Report%2097-98.pdf . 24 July 2008 . dead . dmy-all.
  5. Web site: Melbourne Airport - Melbourne Airport Ownership Information Melbourne Airport . 2022-11-18 . www.melbourneairport.com.au.