Type | Private |
---|---|
Industry | Airports |
Founded | 1995 [1] |
Headquarters | , |
Area served | Australia |
Key people | Peter Hay, Chairman [2] Lyell Strambi, CEO [2] |
Revenue | A$1.04 billion (2018-19) [3] |
A$ 390 million (2018-19) [3] | |
Divisions | Australia Pacific Airports (Melbourne) Pty Ltd Australia Pacific Airports (Launceston) Pty Ltd |
Website | melbourneairport |
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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