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...

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