WIAL intends to lodge an updated application. Oct Wellington Airport released its Masterplan. This includes the potential runway extension, along with upgrades to passenger terminals and facilities for non-scheduled movements, such as freight and medical services.
Chamber of Commerce starts agitating for a runway extension as 1,m is too short for international jet services.
AirNZ introduces the Douglas DC8 jet on international services, but not from Wellington which because of its short runway is stuck with Electras. Wellington City Council recommends the runway be eventually extended to 2,m, but to 1,m immediately so the Airport can cope with DC8s. The advice is accepted by Government. Ansett builds its own terminal the main terminal was jointly owned by AirNZ which refused access to a competitor Ansett B initiates services with Auckland and Christchurch, and hot food on flights and airport lounges.
But Bogoieski cautioned that while Infratil also assumed traffic at Wellington Airport would return to 66 per cent of "pre-crisis levels" a year from now, "we could be wrong about that". When it came to the financial future of airports, a lot depended on whether airlines themselves failed and consolidated into a small number of carriers, he said.
Brown said the airport company had had "positive talks" with banks about increasing its borrowing facilities. It was not forecasting it would need to tap shareholders for more capital this financial year, he said. But Brown said it could be "desirable" for the airport to secure a convertible loan from the Government — along the same lines of the assistance that the Government had agreed to provide to Air New Zealand — as "a backstop" to, in effect, underwrite any equity raising.
He hoped Wellington Council, which owns the remaining 34 per cent of the airport, would consider matters next week "so with a little bit of luck we might have something concrete by next Friday", he said.
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