Wellington Airport gouging $100M in excess profits from air service charges: Air NZ

Wed, 18 Jul 2012

By Jonathan Underhill and Paul McBeth July 18 (BusinessDesk) – Wellington International Airport, owned by Infratil and the capital city’s holding company, has extracted $100 million in excessive profits with its most recent price increases for airport services, says its biggest customer Air New Zealand. “Wellington Airport is certainly the most aggressive airport,” outgoing chief executive Rob Fyfe told BusinessDesk after appearing at Parliament's finance and expenditure committee where he told MPs landing fees in aggregate were set to rise b...

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