Transport Exclusive

Canterbury’s airport-stadium asset sale deal

Oliver Lewis
Tue, 31 Aug 2021

Christchurch city councillors reportedly shot down the deal. (Image: Deposit Photos)

Oliver Lewis
Tue, 31 Aug 2021

Canterbury’s regional council last year proposed buying a stake of Christchurch International Airport from city authorities. Environment Canterbury (ECan) framed the bid as a way of helping Christchurch city council (CCC) pay for the new Canterbury Multi-Use Arena (CMUA), sources say. Insiders have also suggested the council, which has a strong balance sheet and low debt, was looking for ways to diversify its income stream by investing in a local, dividend-paying asset.CCC owns a 75% stake in the airport through its investment arm, C...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property

Arvida's $345m purchase a sharp deal with development opportunities

Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Coronavirus

Auckland to stay in level 3 lockdown until Nov 1

Ian Llewellyn | Mon, 18 Oct 2021

PM Ardern says it is hard but Auckland must remain in alert level 3 until vaccination rates get up.

Technology FREE

Partner Content: The pros and cons of going solo on security

Spark | Mon, 18 Oct 2021

Cybersecurity is not an option, but how your business finds the right tools for the job is.

Canterbury’s airport-stadium asset sale deal

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team