Close sidebar

Future Fund to take airport stakes

written by australianaviation.com.au | August 27, 2012
The Future Fund will take a stake in a number of Australian airports, including Gold Coast.

The federal government’s Future Fund will pay $2 billion to take over a collection of infrastructure assets that includes stakes in a number of Australian airports.

The $77 billion investment fund, set up to help cover the cost of public sector pensions, will buy out the assets of the Australian Infrastructure Fund (AIX), which includes stakes in Perth Airport, the body that controls Melbourne and Launceston Airports, Queensland Airports and Northern Territory Airports.

Queensland Airports includes Gold Coast, Townsville and Mount Isa Airports, while Northern Territory Airports includes Darwin, Alice Springs and Tennant Creek Airports.

Advertisement
Advertisement

AIX also holds stakes in Athens, Dusseldorf and Hamburg Aiports.

The acquisition is pending the completion of due diligence and approval by AIX’s board.

Sovereign wealth and pensions funds have increasingly sought refuge in infrastructure investments as stock markets remain volatile due to the European financial crisis.

For just $59.95 a year, you can keep up to date with the very best of Australian Aviation each month, directly via our app! Our app is available on mobile, tablet and PC devices. So what are you waiting for? Go digital with Australian Aviation and read up on all missed special coverage, exclusive photos and editions. Subscribe now at australianaviation.com.au.

PROMOTED CONTENT

Leave a Comment

Your email address will not be published. Required fields are marked *

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year