Australia Pacific Airports Corporation

Australia Pacific Airports Corporation Limited
Company type	Private
Industry	Airports
Founded	1995
Headquarters	Melbourne Airport, Victoria, Australia
Area served	Australia
Key people	Peter Hay, Chairman; Lorie Argus, CEO
Revenue	A$1.04 billion (2018-19)
Net income	A$ 390 million (2018-19)
Divisions	Australia Pacific Airports (Melbourne) Pty Ltd; Australia Pacific Airports (Launceston) Pty Ltd
Website	melbourneairport.com.au/corporate

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.^[4]

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.^[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.^[2]

The company is majority Australian owned by five Australian fund managers:^[5]

Dexus (27.32%)
Industry Funds Management (IFM Investors) (25.17%)
SAS Trustee Corporation (Managed by NSW Treasury Corporation)(18.47%)
Future Fund (20.34%)
Utilities of Australia (Managed by HRL Morrison & Co) (8.70%)

The chief executive officer is Lorie Argus.

References

^ ^a ^b "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.
^ ^a ^b ^c "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.
^ ^a ^b "Australia Pacific Airports Corporation Annual Report 2019" (PDF) (Press release). Australia Pacific Airports Corporation Limited. 1 July 2019. Archived from the original (PDF) on 1 March 2021. Retrieved 5 March 2021.
^ "Towards a National Aviation Policy Statement" (PDF). Melbourne Airport. 7 July 2008. Archived from the original (PDF) on 20 July 2008. Retrieved 30 June 2008.
^ "Melbourne Airport - Melbourne Airport Ownership Information | Melbourne Airport". www.melbourneairport.com.au. Retrieved 18 November 2022.

External links

Melbourne Airport

[97report-1] "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.

[apaccorporate-2] "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.

[AR2019-3] "Australia Pacific Airports Corporation Annual Report 2019" (PDF) (Press release). Australia Pacific Airports Corporation Limited. 1 July 2019. Archived from the original (PDF) on 1 March 2021. Retrieved 5 March 2021.

[4] "Towards a National Aviation Policy Statement" (PDF). Melbourne Airport. 7 July 2008. Archived from the original (PDF) on 20 July 2008. Retrieved 30 June 2008.

[5] "Melbourne Airport - Melbourne Airport Ownership Information | Melbourne Airport". www.melbourneairport.com.au. Retrieved 18 November 2022.

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