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Wellington Airport to appeal disclosure determination
16 March 2011
Wellington Airport to appeal disclosure determination
Wellington Airport is joining the High Court review of the Commerce Commission’s information disclosure requirements for New Zealand’s three main international airports.
The Commission’s determination sets out the information that Wellington, Auckland and Christchurch airports must disclose, and also the methodologies that they must apply for this disclosure reporting. The final determinations are the culmination of a significant consultation process initiated by the Commission in December 2008.
Wellington Airport considers that the regulation was intended to be a light handed regime promoting outcomes consistent with those expected in competitive markets. It considers that the methodologies could be materially improved in a number of areas and it has submitted a merits appeal for these matters.
Wellington Airport’s Chief Financial Officer, Martin Harrington, said “Wellington Airport recognises the purpose of regulation in protecting the interests of consumers. New Zealand’s major airports are delivering excellent outcomes for the New Zealand economy by investing in infrastructure that encourages competitive air services and provides quality facilities at prices representing fair value for money to airlines, shippers and travellers. It is critically important that the regulatory regime supports this outcome going forward and we will continue to work with the Commission to ensure that this is achieved.”
ENDS
Wellington Airport
Wild at Heart
Wellington Airport provides a world class airport for visitors, the Wellington region and New Zealand. It's international terminal, The Rock, is ranked 4th best in the World. Being very close to the CBD saves 5.4 million travellers plenty of time and makes Wellington a more attractive place to visit. The Airport won the Wellington Gold Awards for Safety and is a major supporter of local events, attractions and community groups.
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