Wellington Council votes to halt process to sell airport stake

Wellington Mayor Tory Whanau said they may now need to look at where they can cut expenditure. (Image: BusinessDesk)

Thu, 10 Oct 2024

The Wellington City Council has voted to halt the sale process of its minority share in Wellington Airport valued at more than $270 million.In an extraordinary meeting held on Thursday, councillors agreed to start a process to amend a part of the city’s Long-Term Plan, which stipulates it intends to sell its 34% shareholding of Wellington International Airport Limited (WIAL).The motions councillors voted in favour of do not explicitly quash the possibility of a sale; however, in practice, they likely do.The sale, a point of intense politi...

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