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Old March 4th, 2006, 01:56 PM   #1
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AKL | Auckland International Airport

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Old March 25th, 2006, 06:54 PM   #2
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i guess its not as impressive as HKIA, but akld is currently expanding its runways to accomodate the new super airbus
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Old March 25th, 2006, 07:44 PM   #3
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I love it
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Old November 16th, 2007, 06:48 PM   #4
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Auckland Airport To Actively Seek Other Takeover Bids
15 November 2007

WELLINGTON (Dow Jones)--The board of Auckland International Airport Ltd. (AIA.NZ) said Friday it will actively seek offers from other parties after receiving a formal takeover notice from Canada Pension Plan Investment Board.

The board has asked its investment bank advisers First NZ Capital and Credit Suisse to "actively solicit" offers.

Chairman John Maasland said the board wanted to give other parties an opportunity to consider a similar approach and to submit better proposals.

"While we have had discussions with more than 10 parties over the past 18 months, covering a range of local and international entities, these discussions were largely on the basis of a restructuring rather than a takeover," Maasland said.

Canada Pension Plan earlier Friday confirmed its Nov. 7 announcement that it intends to make a NZ$3.66-a-share offer for 39.5% of Auckland Airport, which would raise its stake in the company to 40%.

"We believe the offer is a very valid offer. For a minority offer, it is effectively representing pricing which is more akin to a full takeover and that demonstrates our commitment to this process," CPP spokesman Graeme Bevans said at a briefing.

CPP said its offer represents a value of 22 times Auckland Airport's 2007 earnings before interest, tax, depreciation and amortization. It values the company at NZ$4.46 billion.

Auckland Airport terminated talks with Canada Pension Plan at the end of October, raising concerns that the deal would introduce an unacceptable increase in risk that would hurt its long-term value and future prospects.

However, CPP last week said it would take the offer direct to shareholders after some key shareholders - including 12.75% shareholder Auckland City Council - said they wanted to consider the proposal themselves.

Other shareholders have voiced opposition to CPP's offer, however.

Infratil Ltd., which holds around 8% of Auckland Airport shares in partnership with NZ Super Fund, said a 40% stake would give a buyer effective control of the company. Manukau City Council, which holds 10.05%, does not favor a single shareholder with a stake of more than 30% to 35%.

CPP said it would restrict its voting rights in relation to the election and removal of directors to 30% of votes, which it thinks should meet Manukau Council's requirements.

Bevans also noted that the collective size of the Manukau Council, Auckland Council and NZ Super Fund stakes would be similar to CPP's.

He said CPP would seek to appoint three new directors to the Auckland Airport board. One - Bevans - would be an employee of CPP, the second an international director with expertise in airports or airlines and the third an "eminent New Zealand director".

It anticipates a maximum of 10 directors on the board, depending on the outcome of elections due next week.

Bevans added that while the company was doing a good job, CPP saw potential route development opportunities for Auckland Airport in markets such as China.

It also aims to use Auckland Airport management's expertise to help develop potential acquisitions of North American municipal airports, he said.

Other Suitors May Emerge

Auckland Airport shares initially rose 1% on the news, but were down 0.3% at NZ$3.03 at 0024 GMT.

Craig Brown, fund manager at Walker Capital Management said it wasn't surprising Auckland Airport was seeking other bids, and said the move may attract other interest.

"If there is a likelihood that the CPP will get 39%, that's effectively game over, so it is almost the last throw of the dice," said Brown.

"If it looks as though it is going ahead, then others won't want to be left ruing the missed opportunity without at least giving it a try," he said.

CPP's Bevans said Auckland Airport was taking appropriate action to ensure it got the best price, but expected other suitors would be only be prepared to make a full takeover bid.

The Canadian fund said its subsidiary NZ Airport NC Ltd. is expected to mail its takeover offer to shareholders on Dec. 14, with the offer closing March 13, 2008. It will stay open for 90 days in order to get Overseas Investment Office approval.

If it succeeds in acquiring 40% of the shares, CPP aims to table an amalgamation proposal that would change the capital structure of the business.

Under the proposed amalgamation, remaining Auckland Airport shareholders would, for each share, receive cash and a stapled security comprising a share and a convertible note. The offer has a total value per share of NZ$3.66: a convertible note worth NZ$3.35, an ordinary share worth NZ$0.11 and cash of NZ$0.20.

Auckland Airport's directors recommended its shareholders await the board's recommendation and an independent adviser's report from Grant Samuel before taking action.
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Old April 16th, 2010, 03:31 PM   #5
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I'm glad that AKL is still in NZ hands, it would be terrible if it ended up in foreign ownership.
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Old September 11th, 2012, 07:38 AM   #6
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AKL International

Click photo to see bigger size...

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Old September 11th, 2012, 10:18 PM   #7
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Nice looking AIRPORT
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Old September 12th, 2012, 04:23 AM   #8
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Originally Posted by koresh View Post
AKL International

Click photo to see bigger size...

The centre piece is somewhat similar to I believe AUH International Airport...

Any update images of the terminal expansion works?
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Old June 2nd, 2014, 10:30 AM   #9
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Originally Posted by EK413 View Post

Any update images of the terminal expansion works?
Did not notice any works going on when I went tru the international terminal last week and it was not that big so I'm not sure if I missed it, also bring lots of patience and be prepared for long que on the arrival area of immigration with multiple interview process on all arriving passengers and each baggages must go tru xrays again before finally being able to exit into the arrival lobby ...

Last edited by ManilaBoy45; June 2nd, 2014 at 10:45 AM.
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Old July 17th, 2014, 07:52 AM   #10
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Work has started on Phase I of the new combined domestic and international terminal at Auckland Airport in New Zealand. The move forms a part of the airport's 30-year vision that was announced in March.

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Old July 30th, 2015, 02:03 PM   #11
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AKL could turn into a pretty nice airport if these developements happen.


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Old July 31st, 2015, 04:27 PM   #12
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Some photos of the current International Terminal and airfield.

Auckland Airport by CJ, on Flickr

Auckland Airport by barkleyc, on Flickr

Auckland Airport by steveh7, on Flickr

Auckland Airport by Mal Muir, on Flickr

Auckland Airport by Karen Ellis, on Flickr

Day 8: Auckland International Airport by Alan Fong, on Flickr

Auckland Airport by Esem Danao, on Flickr

NZE off to Perth. by Kiwi Aviation, on Flickr

Auckland Airport by Cécile, on Flickr

Perth bound. by Kiwi Aviation, on Flickr

Early morning arrival ~ ZK-OKC. by Kiwi Aviation, on Flickr

Emirates Airbus A380 Cricket World Cup by Nicholas Young, on Flickr

Emirates A380 and Qantas 737 by Mal Muir, on Flickr

Auckland Airport by RobertNZ12, on Flickr

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auckland, australasia hub airport, new zealand

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