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

Leon Grice, Heather Simpson appointed to Antarctica NZ board
Infrastructure

Leon Grice, Heather Simpson appointed to Antarctica NZ board

The foreign minister wants new faces to steer the troubled Scott Base rebuild.

Auckland airport reports strong half-year
Infrastructure

Auckland airport reports strong half-year

Post-covid recovery in global travel and higher charges propel earnings.

Port of Auckland wins market share from Tauranga
Infrastructure

Port of Auckland wins market share from Tauranga

The port posted an improved first-half result, with an increase in full containers.

Parochialism stifling health IT innovation, official says
Infrastructure

Parochialism stifling health IT innovation, official says

NZ tech solutions 'won't scale and add cost and complexity'.