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Wellington Airport revised fees 'just within' OK range
Wellington Airport's revised fees are 'just within' acceptable range of returns, regulator says
By Tina Morrison
April 17 (BusinessDesk) - Wellington International Airport's revised landing fees are "just within" the Commerce Commission's acceptable range of returns, the regulator said.
The capital city airport, which is co-owned by Infratil and Wellington City Council, revised its landing fees after the commission previously found it was targeting excessive profits.
The commission's latest analysis estimates that Wellington Airport has set its prices targeting a return of 8.4 percent between June 1, 2014, and March 31, 2019, which is just within the upper limit of an acceptable range of 7.4 percent to 8.4 percent, the regulator said in a statement accompanying its draft report analysing the revised pricing.
The regulator is requesting feedback on the report by May 8 and expects to publish its final report by June 30.
Shares in Infratil last traded at $3.18, and have gained 6 percent so far this year.
(BusinessDesk)
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