Australia Pacific Airports Corporation Limited

Infobox_Company
name = Australia Pacific Airports Corporation Limited

company_type = Private
foundation = 1995
location_city = Gladstone Park, Victoria
location_country =AUS
area_served = AUS
key_people = Don Mercer, Chairman
Chris Woodruff, CEO
num_employees =
industry = Airports
divisions = Australia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
revenue = profit A$449 million (2007-08)cite press release
title = End of Year Wrap Up for Australia Pacific Airports Corporation Limited
publisher = Australia Pacific Airports Corporation Limited
date = 2008-08-26
url = http://www.melbourneairport.com.au/downloads/pdfs/08%2026%20-%20APAC%20end%20of%20year%20wrap.pdf
format = PDF
accessdate = 2008-09-02]
net_income = profit A$159 million (2007-08)
homepage = [http://www.melbourneairport.com.au/about_airport/corporate/ www.melbourneairport.com.au /about_airport/corporate/]
intl = yes

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd (APAM) and Australia Pacific Airports (Launceston) Pty Ltd (APAL) respectively. [cite web
title = Towards a National Aviation Policy Statement
publisher = Melbourne Airport
date = 2008-07-07
url = http://www.melbourneairport.com.au/downloads/pdfs/Australia_Pacific_Airports_Corporation_-_Response_to_Aviation_Review_Issues_Paper.pdf
format = PDF
accessdate = 2008-06-30]

APAC acquired the lease for Melbourne Airport for A$1.307 billion on July 2, 1997, and a 90% stake in Launceston Airport for A$18.8 million on May 29, 1998. Launceston City Council owns the remaining 10% of Launceston Airport.cite web
title = 1997-1998 Annual Report
publisher = Australia Pacific Airports Corporation Limited
date = 1998
url = http://www.melbourneairport.com.au/downloads/pdfs/Annual%20Report%2097-98.pdf
format = PDF
accessdate = 2008-06-30] Each airport is under a fifty year long term lease from the Australian Government, with options for a further forty-nine years.

The company is majority Australian owned by three Australian fund managers: 51% by AMP Limited; 33% by Deutsche Asset Management; and 16% by Hastings Funds Management Limited.cite web
title = Melbourne Airport — Corporate / Annual Reports
publisher = Melbourne Airport
url = http://www.melbourneairport.com.au/about_airport/corporate/
accessdate = 2008-06-30] BAA Limited, a large UK-based airport operator, previously owned 19.8% of APAC, which it sold on October 21, 2006, shortly after it was acquired by a Ferrovial-led consortium. Its interest was acquired by the other three shareholders equally. [cite news
last = Hogan
first = Jesse
title = Melbourne airport trio chase full control
publisher = Sydney Morning Herald
date = 2007-03-06
url = http://www.smh.com.au/news/business/melbourne-airport-trio-chase-full-control/2007/03/05/1172943357872.html
accessdate = 2008-06-30] [cite press release
title = Business as usual for Melbourne Airport operator following BAA sale announcement
publisher = Melbourne Airport
date = 2006-10-21
url = http://www.melbourneairport.com.au/about_airport/media_releases_item.asp?id=364
accessdate = 2008-06-30]

The Chairman of the Board is Don Mercer and the Chief Executive Officer is Chris Woodruff.

APAC makes money from charging landing fees to airlines, from retail operations and office accommodation within its airports and from parking fees. Most aspects of pricing at both airports are monitored by the Australian Competition and Consumer Commission and the Federal Department of Transport and Regional Services have jurisdiction over airport planning, environmental management and aviation safety and security. These were part of the conditions of privatisation of the airports.

References

External links

* [http://www.melbourneairport.com.au/about_airport/corporate/ The Australia Pacific Airports Corporation website]