Christchurch Airport targeting excessive profits over next 20 years, regulator says

Mon, 14 Oct 2013

Oct. 15 (BusinessDesk) - Christchurch International Airport’s proposed prices over the next two decades are significantly higher than the Commerce Commissions’ view of what’s acceptable, and tougher disclosure requirements have had little impact on promoting price efficiency, the regulator says. The airport is targeting a return of 8.9 percent over the next 20 years, well above the commission’s view of an acceptable return of between 6.6 percent and 7.6 percent, the regulator said in its draft report on the hub’s information disclosure. Chris...

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