Australia Pacific Airports Corporation

Australia Pacific Airports Corporation Limited
Company typePrivate
IndustryAirports
Founded1995[1]
Headquarters
Melbourne Airport, Victoria
,
Australia
Area served
Australia
Key people
Peter Hay, Chairman[2]
Lorie Argus, CEO[2]
RevenueIncrease A$1.04 billion (2018-19)[3]
Increase A$ 390 million (2018-19)[3]
DivisionsAustralia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
Websitemelbourneairport.com.au/corporate

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.[4]

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.[2]

The company is majority Australian owned by five Australian fund managers:[5]

  • Dexus (27.32%)
  • Industry Funds Management (IFM Investors) (25.17%)
  • SAS Trustee Corporation (Managed by NSW Treasury Corporation)(18.47%)
  • Future Fund (20.34%)
  • Utilities of Australia (Managed by HRL Morrison & Co) (8.70%)

The chief executive officer is Lorie Argus.

References

  1. ^ a b "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.
  2. ^ a b c "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.
  3. ^ a b "Australia Pacific Airports Corporation Annual Report 2019" (PDF) (Press release). Australia Pacific Airports Corporation Limited. 1 July 2019. Archived from the original (PDF) on 1 March 2021. Retrieved 5 March 2021.
  4. ^ "Towards a National Aviation Policy Statement" (PDF). Melbourne Airport. 7 July 2008. Archived from the original (PDF) on 20 July 2008. Retrieved 30 June 2008.
  5. ^ "Melbourne Airport - Melbourne Airport Ownership Information | Melbourne Airport". www.melbourneairport.com.au. Retrieved 18 November 2022.