Australia Pacific Airports Corporation

Last updated

Australia Pacific Airports Corporation Limited
TypePrivate
Industry Airports
Founded1995 [1]
Headquarters,
Area served
Australia
Key people
Peter Hay, Chairman [2]
Lyell Strambi, CEO [2]
RevenueIncrease2.svg A$1.04 billion (2018-19) [3]
Increase2.svg A$ 390 million (2018-19) [3]
Divisions Australia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
Website melbourneairport.com.au/about-melbourne-airport/corporate-information/overview.html

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:

The Chief Executive Officer is Lyell Strambi. [3] :7

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References

  1. 1 2 "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.CS1 maint: discouraged parameter (link)
  2. 1 2 3 "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.CS1 maint: discouraged parameter (link)
  3. 1 2 3 "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.CS1 maint: discouraged parameter (link)