Australia Pacific Airports Corporation
| File:APAC Logo.svg | |
| Type | Private |
|---|---|
| Industry | Airports |
| Founded | 1995[1] |
| Headquarters | , |
Area served | Australia |
Key people | Peter Hay, Chairman[2] Lyell Strambi, CEO[2] |
| Revenue |  A$1.04 billion (2018-19)[3] |
| A$ 390 million (2018-19)[3] | |
| Divisions | Australia Pacific Airports (Melbourne) Pty Ltd Australia Pacific Airports (Launceston) Pty Ltd |
| Website | melbourneairport |
Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.[4]
APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.[2]
The company is majority Australian owned by five Australian fund managers:
- AMP Capital Investors (29%)
- Industry Funds Management (24%)
- Deutsche Australia (20%)
- Future Fund (19%)
- Hastings Funds Management (8%)
The Chief Executive Officer is Lyell Strambi.[3]: 7
References
- ^ a b "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.
- ^ a b c "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.
- ^ a b c "Australia Pacific Airports Corporation Annual Report 2019" (PDF) (Press release). Australia Pacific Airports Corporation Limited. 1 July 2019. Archived from the original (PDF) on 1 March 2021. Retrieved 5 March 2021.
- ^ "Towards a National Aviation Policy Statement" (PDF). Melbourne Airport. 7 July 2008. Archived from the original (PDF) on 20 July 2008. Retrieved 30 June 2008.