Australia Pacific Airports Corporation

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]

Australia Pacific Airports Corporation Limited
TypePrivate
IndustryAirports
Founded1995[1]
Headquarters
Melbourne Airport, Victoria
,
Australia
Area served
Australia
Key people
Peter Hay, Chairman[2]
Lorie Argus, CEO[2]
RevenueIncrease A$1.04 billion (2018-19)[3]
Increase A$ 390 million (2018-19)[3]
DivisionsAustralia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
Websitemelbourneairport.com.au/corporate

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:[5]

  • AMP Capital (27.32%)
  • Industry Funds Management (IFM Investors) (25.17%)
  • SAS Trustee Corporation (Managed by NSW Treasury Corporation)(18.47%)
  • Future Fund (20.34%)
  • Utilities of Australia (Managed by HRL Morrison & Co) (8.70%)

The chief executive officer is Lorie Argus.

References
  1. "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.
  2. "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.
  3. "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.
  4. "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.
  5. "Melbourne Airport - Melbourne Airport Ownership Information | Melbourne Airport". www.melbourneairport.com.au. Retrieved 18 November 2022.
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