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Auckland Airport Refinances Standby Facility, Volumes Up

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, Dec 22 NZPA - Auckland International Airport Ltd has a new bank facility and has also released latest operating statistics which show a 7 percent rise in domestic passengers and 0.8 percent rise in international passengers.

The new $150 million standby facility is being provided by Bank of Tokyo-Mitsubishi UFJ and matures on March 10, 2013. It replaces a syndicated $100m standby facility which was due to mature on March 10, 2010.

The airport said arrivals from Australia increased 11 percent in the November traffic update compared to a year ago. The airport attributes the growth to increased capacity, lower fares and increased marketing of flights between Australia and New Zealand.

The airport handled 3482 international aircraft movements in November, up 3.3 percent on last year but domestic aircraft movements of 9497 were down 4.9 percent.

Auckland Airport shares rose 4c to $1.96 today.

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