CORRECTION Auckland Airport development stymied by Commerce Commission rules

Fri, 03 Aug 2012

By Pattrick Smellie (corrects last paragraph reference to value of domestic terminal upgrade) Aug. 3 (BusinessDesk) - The Commerce Commission's straitjacket approach to regulating returns on Auckland International Airport's assets is strangling the country's main gateway airport from necessary expansion. In mandatory filings lodged today, AIA said it was basically ignoring the commission's acceptable weighted average cost of capital (WACC) requirements where it believes they can't be reasonably supplied. At the same time, the airport relea...

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