SACL paid $198 million I believe for the Ansett terminal after Patrick pulled out thinking that they had an agreement for access.
Patrick were rumoured to have offered in excess of $200 million.
SACL was then sold.
SACL under the new owners sought to recover approximately $100 million PER YEAR from the prospective tenants of the terminal.
Would anyone other than a bank think that it was acceptable to recover the capital cost for such a large purchase in just under 2 years?
Charge a reasonable price and nobody would complain - try and charge a hugely excessive amount and people have a whinge - and I mean all sectors on the community -
Would you sit back and let the bank make you pay off your home loan in 2 years - only to be told that you won't own it at the end of the 2 years.
Stick Pusher - I reckon $17 odd million per year is a lot of money and still provides SACL with a better return on investment than either of the 2 major airlines get for their massive investments..