November 13, 2015 9:00am by David Farrar

Why Christchurch City Council should sell down it’s airport shares

Christchurch Airport is fully Government owned – 75% Christchurch City Council and 25% NZ Government.

Christchurch City Council is very short of money – it faces having to borrow a lot of money, unless it can free up capital.

I’ve been sent an interesting analysis of performance stats of the three main NZ airports. They are:

Christchurch dividend $148 million vs Wellington dividend $399 million
Returns on aeronautical assets is 1.1% for Christchurch, 5.7% Wellington and 6.0% Auckland
Earnings per passengers is $2,52 for Christchurch, $8.00 Wellington and $9.40 Auckland