Auckland mayor Wayne Brown says airport capital-raising is 'inevitable'

Auckland mayor Wayne Brown says airport capital-raising is 'inevitable'
Auckland mayor Wayne Brown made the comments about a capital-raising by Auckland Airport during a council meeting. (Image: NZME)
Oliver Lewis
The New Zealand stock exchange's regulatory arm has halted trading in Auckland Airport shares after mayor Wayne Brown publicly speculated about an "inevitable" capital raise. The airport, a publicly listed company on the NZ stock exchange, hasn’t updated the market to that effect, although its multibillion-dollar capital programme has been well traversed over much of the past decade. Brown commented on the prospect of a capital raise during discussions about his proposed budget at a council meeting on Thursday.The...

More Infrastructure

A holiday reading list for Luxon
Economy

A holiday reading list for Luxon

This year's list is not exactly light holiday reading.

Dileepa Fonseka 05 Dec 2023
US giant's Three Waters win could be unwound
Infrastructure

US giant's Three Waters win could be unwound

Gentrack queries Koch-owned firm's win. DIA says there will be an 'off-ramp'. 

Brown launches sales pitch for Auckland port lease
Infrastructure

Brown launches sales pitch for Auckland port lease

The ratepayer-funded poll shows support for the sale.

Brent Melville 01 Dec 2023
Spark bolsters resilience with satellite-backed towers
Infrastructure

Spark bolsters resilience with satellite-backed towers

Starting with five temporary satellite connected cell towers around the country.

Ben Moore 30 Nov 2023