North Queensland Airports Investment Overview
Cairns Airport Overview
•
Represents around ¾ of the purchase price
Cairns,
airport
•
•
•
•
Australia's seventh busiest airport with 680,000 international pax, 3.0m domestic pax in FY09.
Gateway to Tropical North Queensland, a major Australian leisure destination:
-
-
Two World Heritage listed attractions (Great Barrier Reef and Wet Tropics Rainforests)
Serviced by Qantas, Jetstar, Virgin Blue, Cathay Pacific, Air New Zealand, Continental
Airlines, Air Niugini and Airlines PNG (and soon to be Pacific Blue)
International pax volumes down from over 1m pa in 2007 to ~0.5m in FY10; partly due to
decline in Japanese visitors (withdrawal of Qantas services, a general reduction in Japanese
outbound leisure travel and a significant Australian dollar appreciation against the Yen)
Well positioned to rebound and benefit from increasing Asian inbound tourism:
Australia's closest east coast airport to rapidly growing Asian markets
-
-
New long term strategic agreement with Jetstar with sights on Asia
Recently-announced Australian Federal Government tourism and airline support
packages and Queensland State Government tourism promotional initiatives
Domestic passenger volumes grown strongly over the last decade and expected to maintain
that growth trend
Ample terminal capacity for international growth and close to completing a A$200m
redevelopment of domestic terminal
A
Auckland
Airport
8View entire presentation