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