Wellington Airport earnings 'excessive', regulator says

Thu, 01 Nov 2012

By Paul McBeth Nov. 2 (BusinessDesk) - Wellington International Airport, which is co-owned by Wellington City Council and Infratil, has "excessive" earnings targets that aren't being pulled down by stricter disclosure rules, according to the Commerce Commission. The antitrust regulator estimates the airport's pricing will achieve a return on investment of 10.18 percent in the period between 2013 and 2017, above the hub's own 9.5 percent target and above the 7 percent to 8 percent range the commission deems "reasonable." The finding comes in...

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