New Zealand News

Airports Sell-off Fears

Jim Scott, the chief executive of Air New Zealand, has sounded a warning over moves to privatise the country’s international airports. There were fears, he said, that New Zealand’s international airports – Auckland, Wellington and Christchurch would be sold as going concerns.

‘The sale of trading enterprises to a particular purchaser, generally, has largely been determined by the size of the new owner’s wallet than any particular consideration of the strategic value of the asset to the nation,” said Mr Scott. He made his comments at the first Pacific Basin region conference of the Airports Association Council International in Auckland.

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