Auckland airport’s mega-raise: why so much, so soon?

Auckland airport’s mega-raise: why so much, so soon?
An artist's impression of Auckland airport after its $6.6 billion upgrade (Image: supplied)
Pattrick Smellie
Auckland International Airport went to market on Monday morning with one of the largest capital raises of recent times, seeking $1.4 billion.Yet, according to brokers' notes written less than a month ago, when AIA announced its annual result, no such capital raise was judged to be on the cards any time soon and certainly not a raise of this size.Jarden analysts Grant Lowe and Zachary McIntyre wrote in an Aug 23 note to clients that, if anything, the airport’s capex plans seemed to be going slower than anticipated, with as much as $580...

More Infrastructure

150 years of infrastructure spending going ‘boom’
Infrastructure

150 years of infrastructure spending going ‘boom’

We actually spend a lot more on infrastructure than you might think.

Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
F&P Healthcare one step closer to new Karaka campus
Policy

F&P Healthcare one step closer to new Karaka campus

Auckland Council has approved a request to rezone nearly 90ha going to hearings.

Oliver Lewis 12 Sep 2025
Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025