Airport boss thinks ComCom endorses policies

Christchurch Airport

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Christchurch International Airport claims a Commerce Commission report endorses its approach to price setting.

“The just released final report indicates the commission is comfortable with Christchurch Airport’s current prices and the way the company is targeting stable long-term prices,” according to Christchurch Airport chief executive Malcolm Johns.

But the Commerce Commission was critical of the price setting.

"Information disclosure regulation appears to have had little influence on Christchurch Airport’s conduct or performance,” Commerce Commission deputy chairwoman Sue Begg says.

Christchurch Airport’s Mr Johns thinks the report demonstrates the pricing regime is working well.

He says the commission’s process, the first under this new structure, has provided important clarifications and insights into how Christchurch Airport will consider future aeronautical price resets and disclosures.

“We’re pleased our overall pricing approach has been endorsed by the commission,” Mr Johns says. 

c.hutch@clear.net.nz


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6720 0.0011 0.16%
AUD 0.8798 0.0011 0.13%
EUR 0.6062 -0.0019 -0.31%
GBP 0.4303 0.0004 0.09%
HKD 5.2084 0.0078 0.15%
JPY 82.6790 -0.0360 -0.04%

Commods

Commodity Price Change Time
Gold Index 1163.5 -4.950 2015-07-02T00:
Oil Brent 62.6 0.220 2015-07-02T00:
Oil Nymex 56.9 0.360 2015-07-02T00:
Silver Index 15.6 -0.027 2015-07-02T00:

Indices

Symbol Open High Last %
NZX 50 5841.5 5841.5 5841.5 -0.07%
NASDAQ 5024.3 5027.5 5013.1 -0.08%
DAX 11191.3 11229.0 11180.5 -0.73%
DJI 17763.3 17825.5 17757.9 -0.16%
FTSE 6608.6 6647.7 6608.6 0.33%
HKSE 26459.4 26459.4 26250.0 0.12%
NI225 20565.9 20601.7 20329.3 0.95%