Originally Posted by
Paragraph377
As an example, Cairns airport was sold to a consortium which consisted of JP Morgan, Perron Investments, and others. All that has been done since the sale is they have added boutique stores and cafes so they can charge more rent, they’ve upgraded car parking (to extract more fees) and they shut down RWY 12/30 and jacked up rent so as to deliberately force light aircraft operators to move to Malanda, so they could charge higher rents to larger operators in Cairns. The international terminal looks the set of a 1970’s porn film or something out of Austen Powers. An outdated hole. All the owners do is suck out money and pump minimal back in. And if you want to see how an airport kills people by allowing infrastructure to encroach upon runways and airspace just look at Essendon Fields. The current GM Aviation is a total muppet. Then you have Bankstown, a former hub for training and maintenance. Now it’s an aeronautically deserted ghost town surrounded by building complexes. As for what is buried beneath the runway and leaks into the Georgeous River when the area floods, well you really don’t want to be one of the local residences whose house floods with the toxic crap leaking out from below the surface.
Yes, privatisation and asset sales are a wonderful thing aren’t they?
Remember the Govt sold a monopoly. There is no accountability to the public...