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Examining the Airport Privatization Landscape in 2023 – Asia Pacific
Justin Lee
March 28, 2024
© patrickroque01 / Wikipedia
While the Asia-Pacific region saw limited completed airport transactions last year, there was much activity in both the primary and secondary markets. This is expected to lead to a couple of significant airport transactions in 2024.
In Australia and New Zealand, there was a significant build-up towards an eventual trade sale of existing shares in various airport operators.
In November 2023, Wellington City Council announced its proposal to sell its 34% share in the Wellington Airport to raise money for a disaster investment fund. Councillors voted to add the sale and the sale of some or all of the council’s ground leases to their proposed 2024-2034 long-term plan.
Around the same time, media reported that Auckland Council has sold 7% of shares in Auckland Airport. The partial sell-down for an average of NZD8.11 per share brought in NZD$833mn in total. While the sale represented a third of the council's shareholding, Auckland Council retains an 11.08% stake in the airport.
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