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Auckland International Airport lands Australian Ports

12 Jan 2010 07:35Share Investor

As the horse from Ren & Stimpy was fond of saying, "No Sir, I don't like it, I don't like it at all."


Picture Right - Cairns Airport

As first glance and without going into detail that is my first take on the purchase by Auckland International Airport of a nearly 25% stake in North Queensland Airports (NQA) who own the Mackay and Cairns Airports in North Queensland.

If you look even closer it appears to be even uglier.

It cost AIA shareholders more than NZ$166 million (plus finance costs) for a quarter share in slightly less than 5 million annual passenger movement...

Go to Share Investor Blog for more.

Fishpond

c Share Investor 2010
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