ACCC damns major airports, urges more investment | Plane Talking
All that would be left to complete this morning’s spectacle would be for the ABC to have arranged for the Federal Infrastructure and Transport Minister, Anthony Albanese, to have coincidentally come within range of the news crew at the same time as the Premier of NSW, Barry O’Farrell, for a spontaneous debate about how Sydney Airport can cope superbly with the Asia Century from now until 2049 and never need another airport in the Sydney basin.
Says it all.
and
As a public company with shareholders, under present legislation, the first duty of the board is to maximum the return to the shareholders.
If there was competition then I agree with you 601, the trouble is, we have no competition so everyone in Aviation should be concerned with shareholder favouritism as opposed to job security. Both major Airlines also have to answer to their shareholders, but it is not a level playing field when control of the infrastructure (airports) is abused by bankie types who will go out of their way to stifle competition at all costs.
All fair points but it is about cost shifting. If the privately LEASED not OWNED airports built actual airport infrastructure, you know, runways, taxiways, gates etc then it costs them money and they may be able to charge a little more. If they don't build them, well the aircraft keep arriving but get tied up in delays, these delays cost the airlines money but very little cost to the airport operator. So there is little incentive to put precious capital into airside works, when car parks and shopping make a better return.
You cannot blame a fox for eating the chickens if you let him in, a fox is a fox after all.
Well said and a huge problem for all involved in aviation in this country, it strangles growth, meaning less flights = less pilots etc.
I can't believe the speed at which things happen in Asia, buildings go up, new airports get opened, major projects get announced and work starts immediately.
The time it takes in Australia just to decide to do something is unbelievable. 1st May 2013 23:33
Spot on, but we are embracing Asia.... aren't we?
