December 2012
www.waterfordpress.co.nz
Signature Homes - Canterbury 8-page liftout inside
The new terminal at Christchurch International Airport stunningly lit-up to greet travellers.
Christchurch Airport gets thumbs up from travellers The redevelopment of Christchurch International Airport has helped the facility to be voted as the 2012 International Airport of the Year by readers of a leading New Zealand travel industry magazine. Airport Chief Executive Jim Boult says he is delighted by the award from the readers of Travel Digest. “Those of us close to the airport think it’s a very special place and it seems travellers agree,” he says.
INSIDE
“We are running both an airport and a construction zone at the moment while we complete development of the new terminal, so it’s reassuring to have travellers see past the construction and appreciate what we are building.” The Integrated Terminal Project accounted for $28.2m of the company’s total capital expenditure of $63m in its latest financial year. The development is due to be completed in March next year, and Boult said it was expected
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to come in within one to two per cent of the budget set in 2008. Despite difficult trading conditions, Christchurch International Airport Limited (CIAL) – which is 75% percent owned by Christchurch City Council offshoot, Christchurch City Holdings - has reported an after-tax profit of $19.6 million in its latest year. Boult said the result, for the year to June 30, was a reflection of “very satisfactory” returns from the company’s commercial operations,
More innovation from EziBuy - PAGE 3
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Migrant workers aid rebuild - PAGE 4
although “the events of the past two years have inevitably taken a toll on passenger numbers” Compared to the year ended June 30 2010, the last full financial year before earthquakes, CIAL has lost 448,814 passengers. “The loss of 7.5 percent of our passenger base since the 2010 financial year has cost the company revenue from a number of sources associated with passenger throughput, in particular terminal concessions and car parking,” said Boult.
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