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11-01-2010, 12:04 PM
#781
Whats the views of forumites to this expansion?
And how are they paying for it
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11-01-2010, 01:24 PM
#782
We'll need a bit more info to evaluate this!
$166m to buy 24.55% of the company so do we assume they'll be a minority shareholder - or is the other 75% odd well spread?
Will they be able to apply their undoubted expertise in operating these airports? Are they any better than the current owners/managers in this regard?
How is it being financed? Westpac are the vendors. Are they leaving vendor finance in the deal? What are the profit figures for these airports? What capex is around the corner?
Too many questions but at least North Queensland is a growth region and AIA management appear to know their business.
Last edited by macduffy; 11-01-2010 at 01:26 PM.
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11-01-2010, 01:31 PM
#783
Originally Posted by ratkin
Whats the views of forumites to this expansion?
And how are they paying for it
Thats the Q,
Could be some bridging finance from the Bank for a bit
then out to the market..... yet again.
Will take a few days for the market to get it's pricing in order,
$2 at the moment, down 8.
Sub $2 soon I suspect.
BB
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11-01-2010, 03:07 PM
#784
Cairns is a bit of a poxy wee airport but I haven't been to Mackay. Could well be some good potential as Northern Queenstown ramps up. Gold / Sunshine coasts pretty well over-exposed (with 2 airports) so if you're going to fly why not go a bit further north. Could be a bit of money needed on R & M and development though.
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11-01-2010, 03:27 PM
#785
LONG term MOVE..
Hard to say Cains is a POXY airport with a 200 million lounge going in also Cains has a large Navy base to service all round both ports are a good buy but longer term than current
anything connected to airlines will have to wait and see but a good time to BUY..
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11-01-2010, 05:05 PM
#786
Originally Posted by BRICKS
Hard to say Cains is a POXY airport with a 200 million lounge going in
Still half the size of Christchurch Airport and we get a new terminal for $200m. So AIA are buying a quarter of a $600m 2 airport businesses - and $200m of that is for a new terminal in one of them?
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11-01-2010, 05:31 PM
#787
YOUR just picking HAIRS..
Originally Posted by minimoke
Still half the size of Christchurch Airport and we get a new terminal for $200m. So AIA are buying a quarter of a $600m 2 airport businesses - and $200m of that is for a new terminal in one of them?
Cant compare Christchurch to Cains is AU. 8 th largest and a different market and will get bigger don't forget AU 24 million people, NZ 4 million so it is an up an coming AIRPORT..
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11-01-2010, 08:32 PM
#788
Bad Words
I just watched TV ( 1 or 3 dont know) ....Kids are here !!
CEO/ Chairman... what ever.
Quote " Hopefully we can use these points to get more tourists.
DOWN HERE to Auckland."
Mr ? what sort of F**king idiot are you ??
I have spent a lot of time in the tourist industry, and have learned,
Never use a negative in a promotion or on public forums,
DOWN HERE should have been ACCROSS HERE, OVER HERE, etc....
One cant sell a product well when negatives are used.
e.g. "Down to Q,town", should be "Going too", "checking out" , "aim
for", etc....
Up is positive, Down is BAD.
Think about it... "Markerters"
BB
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12-01-2010, 11:36 AM
#789
I have just been to Port Douglas (via cairns airport). It is small but is a good gateway. With more flights from Auckland, it will be a real altertive for NZers wanting a beach hoiday rather than going to the islands or the surfers. It could also attact lots of asian tourists.
Cairns is expanding rapidly (lots of housing and resort development) and apparently a few big mines have/are opening in the area which Cairns will be the main service city for.
AIA seems to be hoping it will increase demand for auckland from Asia using Cairns as a stop over - not sure why, wouldn't you just fly direct?
I dont think it can be compared to the airports Infratil has been struggling with since these are already established. The big question is did they get it at the right price and can they get growth out of it.
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12-01-2010, 11:56 AM
#790
Yes, we need to see some numbers to get a better idea of this.
I can see a stopover in Cairns appealing to certain leisure travellers to Asia. As we get older the thought of more than 5 or 6 hours in an aircraft grows less and less attractive and Cairns is an attractive spot for a few days R and R.
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