Queenstown airport boss resigns
Queenstown Airport chairman Mark Taylor has been forced to resign.
Queenstown Airport chairman Mark Taylor has been forced to resign.
In his resignation statement, Mr Taylor said a resolution to remove him – unless he resigned within a week – had been passed at a recent extraordinary meeting of Queenstown Lakes District Council.
Mr Taylor has come under fire for the sale of a 24.99% share of Queenstown Airport to Auckland International Airport (AIA) in July.
Following their $27.7 million purchase, AIA was given the option to increase their share to between 30 and 35%.
Locals had worried that a one-third stake would undermine local control of the asset. AIA cancelled the share increase offer.
Mr Taylor said he continued to support the decision taken by the airport company board in July 2010 to de-risk the business, in part by introducing new capital to fund expansion. He said the company would be able to pay a significant dividend to the community this year.
“Without the new capital structure this would not have been a possibility for many years. I leave the airport with a sense of pride having been one of those who have contributed to the company’s development over the years.
"I am happy to be judged on the company’s results and achievements during my term and in the immediate future."
NBR staff
Wed, 13 Apr 2011
Wed, 13 Apr 2011
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Queenstown airport boss resigns
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