Auckland council approves partial airport selldown

The council has agreed to sell 7% of Auckland International Airport. (Image: Getty)

Fri, 09 Jun 2023

Auckland councillors have compromised to sell 7% of Auckland International Airport to pay down debt.The council holds an 18.09% shareholding in the airport, valued at more than $2.2 billion.Mayor Wayne Brown didn’t have the numbers to sell the entire stake, but a majority of councillors approved an amended budget proposal to sell 7%, valued at nearly $900 million.Discussions to pass a budget took two days and included fractious speeches and interruptions from members of the public.Alternative budgetCouncillor Lotu Fuli, who put forward an...

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