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Queenstown business leaders angered at airport deal

A high-powered group of Queenstown business and community leaders want "our airport back", arguing the sale of a quarter of Queenstown's airport to Auckland International Airport Ltd this month was settled before the community knew about it.Auck

NZPA
Fri, 16 Jul 2010

A high-powered group of Queenstown business and community leaders want "our airport back", arguing the sale of a quarter of Queenstown's airport to Auckland International Airport Ltd this month was settled before the community knew about it.

Auckland International Airport Ltd said on July 8 that it is investing in a 24.99 percent shareholding in Queenstown Airport by subscribing for new shares for $27.7 million. It has an option to increase the holding to 30 percent to 35 percent at any time up to June 30, 2011.

The Queenstown Community Strategic Assets Group wants to dismantle the deal and is seeking legal advice.

Spokesman John Martin, a property magnate, said the feeling in the town about the deal was strong and it would be a major issue in local body elections.

The group comprises two ex-mayors, Warren Cooper and John Davies, and local business identities Phil Dunstan, Graham Smolenski, Ken Matthews, Alastair Porter and Barry Thomas and others.

"There is strong interest in seeing the deal dismantled," Mr Martin told NZPA.

"We would prefer to have 100 percent community control going forward."

The deal was settled before the community knew about it, he said.

"We want the airport owned 100 percent by the community as it was, the community being our local council," Mr Martin said.

The airport was built up over 75 years by the community and it was the community's lifeline and an integral part of the town, Mr Martin said.

"We are currently taking legal advice and we will be acting on that advice. Our advice so far is very strong and we will be taking action," he said.

Mr Martin said the business people involved did not have, or seek, a financial interest in the asset.

"We are not doing it for any other reason than it is town business and this community should own its own strategic community asset," he said.

Queenstown Airport Corp directors drove the deal, Mr Martin alleges in the Mountain Scene newspaper.

His group put their concerns to Mayor Clive Geddes and council boss Debra Lawson on Monday.

NZPA
Fri, 16 Jul 2010
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Queenstown business leaders angered at airport deal
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