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

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Oliver Lewis 14 Mar 2025
Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025