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

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

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