Australian sale wins applause
Article Abstract:
Australia's program to sell 22 airport leases has so far been successful. After two rounds of bidding, a total of 17 airports have been sold for a total of A$4 billion ($2.7 billion), which is higher than government expectations. The Ministry for Finance and Adminitration said the first round had a high price earning multiple of 18.3 while the second round is not far behind with 17.6. BZW Australia, the government's financial adviser attributes the program's success partly to a trade sale strategy. Bidders had the option of selecting the airport combinations, rather than imposing pre-set groups of airports.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 1998
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Contract resolved for Adelaide
Article Abstract:
Adelaide Airport Ltd's planned building of a $120 million multiuser integrated terminal at Adelaide Airport in South Australia will push through after the company has successfully resolved contract terms with involved airlines. Construction of the terminal will begin by Feb 2001, for completing in late 2002. With this new facility, Adelaide Airport will be able to combine the operations of domestic and international flights and deliver improved services for passengers.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2000
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Olympic win
Article Abstract:
A special system, called Electronic Travel Authority System (ETAS), was adopted by Australian airports to easily handle the influx of visitors to the country because of the 2000 Olympic Games. With the system, advance passenger processing was carried out in a joint program set up by IT company, CPS Systems, SITA, Australia's Dept of Immigration and Multicultural Affais, and Australian Customs Service.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2000
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