The company it will continue its existing buyback of as much as 50 million ordinary shares.
"At a minimum, you would expect Snowtown to be available for sale to fund the next development." Infratil chief executive Marko Bogoievski said.
The announcement came with Infratil's profit results for the year to March 31, which showed a net parent surplus of $384 million for the year.
Wellington City Council is convinced of the supposed $1.7 billion economic benefits an airport extension will bring but NBR ONLINE readers are not so sure.