UDPATE Wellington Airport says regulator's report flawed

Thu, 07 Feb 2013

By Paul McBeth Feb. 8 (BusinessDesk) - Wellington International Airport, which is co-owned by Infratil and Wellington City Council, denies it's extracting excessive profits and says the Commerce Commission has used a flawed model in assessing the transport hub's returns. The airport's effective rate of return is 8.1 percent, within the regulator's tolerance and has cheaper passenger landing charges than Auckland and Christchurch at $11.39 a head, it said in a statement. The regulator's claim that the airport is likely to recover between $3...

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