Airport boss thinks ComCom endorses policies

Christchurch Airport

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

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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7850 0.0000 0.00%
AUD 0.8924 0.0000 0.00%
EUR 0.6196 0.0000 0.00%
GBP 0.4880 0.0000 0.00%
HKD 6.0917 0.0000 0.00%
JPY 84.8970 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1231.3 -0.710 2014-10-24T00:
Oil Brent 86.1 -0.510 2014-10-24T00:
Oil Nymex 81.0 -1.020 2014-10-24T00:
Silver Index 17.1 0.024 2014-10-24T00:

Indices

Symbol Open High Last %
NZX 50 5292.8 5344.4 5341.7 -0.15%
NASDAQ 4459.5 4486.3 4452.8 0.69%
DAX 9008.6 9044.9 9047.3 -0.66%
DJI 16677.0 16811.7 16677.9 0.76%
FTSE 6419.1 6419.1 6419.1 -0.47%
HKSE 23311.9 23352.6 23333.2 -0.13%
NI225 15354.4 15377.0 15139.0 1.01%