
Snapshot
| Headquarters: | Melbourne, Australia | |
| Key People: | Chris Woodruff, Director | |
| Quick Links: | Melbourne Tullamarine Launceston Airport | |
| Updates? | Email us! | |
Australia Pacific Airports Corporation
Australia Pacific Airports Corporation (APAC) is an unlisted company that owns/operates two Australian airports – Melbourne Tullamarine and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest. APAC acquired the lease for Melbourne Airport for AUD1.307 billion on 02-Jul-1997, and a 90% stake in Launceston Airport for AUD18.8 million on 29-May-1998. The local city council owns the remaining 10% of Launceston Airport. Each airport is under a fifty year long term lease from the Australian government, with options for a further forty-nine years. The company is majority Australian owned by three Australian fund managers: 51% by AMP Ltd (AMP Capital); 33% by Deutsche Bank RREEF and 16% by Hastings Fund Management (AIX). BAA previously owned 19.8% of APAC, which it sold in Oct-2006, shortly after it was acquired by the Ferrovial consortium. Its interest was acquired by the other three shareholders equally.
Australia Pacific Airports Corporation features in CAPA's Global Airport Investors Database.
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