Australian airports sale reaches A$4.1 billion

Article Abstract:

The Australian government earned A$731 million from the sale of fourteen airports in the second round of 50-year lease sales. In the first round, the federal government netted A$3.3 billion from the sale of Melbourne, Brisbane and Perth airports. A consortium led by Manchester Airport was the biggest winner in the second round, having agreed to pay A$362 million for the Parafield and Adelaide airports in South Australia and A$104.7 million for the Coolongatta airport in Queensland. Government officials said the sale proceeds were satisfatory, noting that buyers paid an average of 17 times earnings.

Asset sales & divestitures

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Hong Kong turns the corner

Article Abstract:

Hong Kong Air Cargo Terminals Ltd. (HACTL) experienced a stop in cargo handling and caused delays during the opening of the new Hong Kong airport on July 6, 1998. It is reported that advanced technology caused the snags during the opening of SuperTerminal 1. HACTL disclaims allegations that construction and testing of the new facility was not meeting its schedule. However, it admitted some minor difficulties. It admits that the Logistics Control System can not be completely tested until the equipment was powered up and driven by live loads.

Facilities & equipment, Hong Kong, Hong Kong Air Cargo Terminals Ltd.

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Sydney Airport goes tactical over Horizon

Article Abstract:

Airservices Australia intends to install a French tactical flow management system called Maestro at the Sydney Airport in Australia to enhance airport management at the country's gateway airport. However, the selection of Maestro over the technology code-named Oasis, which was engineered by Melbourne, Australia-based Australian Artificial Intelligence Institute, raise criticisms. The new technology will be tested at the Sydney Airport in the anticipation of a substantial increase in air traffic during the 2000 Olympics.

Software Publishers, Use of materials & supplies, Distributed DP Software Pkgs, Network software, Airservices Australia

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