I52 Transport Support Services

Uber faces $26m fine after ACCC probe

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Original article by Max Mason
The Australian Financial Review – Page: 3 : 27-Apr-22

Ride-sharing pioneer Uber has admitted to breaching Australian consumer law by engaging in misleading or deceptive conduct and making false or misleading representations. The Australian Competition & Consumer Commission pursued action against Uber with regard to its algorithms, and Uber has agreed to penalties totalling $26m which must now be approved by the Federal Court.

CORPORATES
UBER AUSTRALIA PTY LTD, UBER BV, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FEDERAL COURT OF AUSTRALIA

Sydney stevedores to block workers not yet vaccinated

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 6 : 24-Aug-21

Stevedoring firms Hutchison Ports and DP World Australia have told employees that they will not be able to work at their terminals at Port Botany in Sydney from 30 August if they have not had at least one dose of a COVID-19 vaccine. The directives have been introduced in response to New South Wales government rules that require authorised workers residing in 12 Sydney local government areas to be vaccinated if they work outside their LGA, unless their employer uses rapid antigen testing. The Port Botany terminals are located within one of the 12 hotspots.

CORPORATES
HUTCHISON PORTS AUSTRALIA PTY LTD, DP WORLD AUSTRALIA PTY LTD

Big super lobs $22b for nation’s biggest airport

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 1 & 16 : 6-Jul-21

A consortium comprising IFM Investors, QSuper and US-based Global Infrastructure Partners has made an unsolicited cash offer of $8.25 per share for Sydney Airport. The board of Sydney Airport has advised shareholders to take no action on the $22 billion bid and is still considering the offer. Unisuper, Sydney Airport’s biggest shareholder with a 15 per cent stake, has responded favourably to the bid. One condition of the consortium’s bid is that Unisuper retains its stake in Sydney Airport and not sell out for cash.

CORPORATES
SYDNEY AIRPORT – ASX SYD, IFM INVESTORS PTY LTD, QSUPER LIMITED, GLOBAL INFRASTRUCTURE PARTNERS, UNISUPER LIMITED

Rex flights bump into Sydney Airport hurdle

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 22 : 1-Mar-21

Sydney Airport CEO Geoff Culbert says Regional Express (Rex) may find it hard to secure more landing and take-off slots if its new flights between east coast capital cities become popular with consumers. Culbert says Rex cannot secure access to any slots held at the airport by incumbents prior to the COVID-19 pandemic, due to waivers introduced by the federal government when the pandemic began. Sydney Airport stated in a submission in December to an inquiry on the future of aviation that the waivers could impede new entrants to the aviation market.

CORPORATES
SYDNEY AIRPORT – ASX SYD, REGIONAL EXPRESS HOLDINGS LIMITED – ASX REX

Airlines dump economic eggheads to lobby pollies

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 29 : 13-Sep-19

The Australian Competition & Consumer Commission has called for airlines to be able to seek access to arbitration in the event of disputes with airports. However, the Productivity Commission, which is reviewing airport regulation, rejected this idea in its draft report, which it released in February. Airline lobby group Airlines for Australia and New Zealand (A4ANZ) expects the Commission will maintain this view in its final report, which the federal government is due to release by 22 October. A4ANZ chair Graeme Samuel says it is ignoring the Commission, and will be calling on politicians to take action in line with the ACCC’s recommendations.

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Economic fears don’t stop Aussies flying out

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 18 : 16-Aug-19

Sydney Airport advised on 15 August that it had recorded a first half net profit of $17.3 million, down 90 per cent. Domestic passengers flying through Sydney fell by 1.5 per cent in the reporting period, but international travellers flying through Sydney rose by 1.9 per cent. Roy Morgan reported recently that 26.5 per cent of Australians had taken an overseas holiday in the past year, up from just 13.1 per cent in 2000-01, and Sydney Airport’s international traveller figures were helped by tens of thousands more Australians going overseas when compared to the previous corresponding period.

CORPORATES
SYDNEY AIRPORT – ASX SYD, ROY MORGAN LIMITED

Toll back to logistics losses as Japanese parent loses face

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 : 14-Aug-19

Logistics company Toll Holdings made a net loss of $113.8 million for the 12 months to March, according to its latest annual report. This compares to a profit of $11.2 million for the previous corresponding period, with Toll attributing the loss in part to increased transport, fuel and restructuring costs. Toll’s woes appear to have continued since then, with its parent Japan Post advising in the week ending 9 August that its international logistics unit – which includes Toll, Toll Express and JP Toll Logistics – made a net loss of $24 million for the three months to June. This compares to a loss of $8 million for the previous corresponding period.

CORPORATES
TOLL HOLDINGS LIMITED, JAPAN POST COMPANY LIMITED

Qantas tells airports it won’t pay

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Original article by Robyn Ironside
The Australian – Page: 8 : 4-Sep-18

The Productivity Commission has been told by Northern Territory Airports that Qantas is refusing to pay increased charges at Darwin and Alice Springs airports. The Northern Territory Airports claims Qantas has refused to pay a three per cent increase at Alice Springs that was imposed in 2015, and a 2.5 per cent increase at Darwin that was introduced in July 2017. Asked to respond to the Northern Territory Airports’ comments, a Qantas spokesperson said it refused to pay the increases because NT airport charges were already too high.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, NORTHERN TERRITORY AIRPORTS PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN

Airport for the folks of western Sydney

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Original article by Robyn Ironside
The Australian – Page: 19 : 2-Aug-18

Most of the people that will be using the Western Sydney Airport when it opens in 2026 will come from its immediate catchment area, so good accessibility is important. Western Sydney Leadership Dialogue chairman Christopher Brown told the annual Centre for Aviation annual conference on 1 August that Western Sydney was the only urban centre of its size in the world without an airport, and that there will be three million people living in the airport’s catchment area by the time it opens. Board of Airline Representatives of Australia executive director Barry Abram said a rail link to Western Sydney Airport would probably be its best transport option.

CORPORATES
WESTERN SYDNEY LEADERSHIP DIALOGUE BOARD OF AIRLINE REPRESENTATIVES OF AUSTRALIA INCORPORATED SYDNEY AIRPORT – ASX SYD WESTERN SYDNEY AIRPORT

Uber rival GoCatch plans ASX listing

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 23 : 13-Mar-18

Ride-sharing firm GoCatch is seeking to list on the Australian sharemarket in June, and hopes to raise up to $A5 million via an IPO. This is in addition to $A1 million in pre-IPO funds that it aims to raise by the end of March. Backers of GoCatch include fund manager David Paradice. Co-founder Andrew Campbell says GoCatch focuses on providing services to governments and corporations, while he notes that it hopes to break even by June.

CORPORATES
GOCATCH, TAXIMEDIA PTY LTD, UBER AUSTRALIA PTY LTD, CARADVICE.COM.AU PTY LTD, ROYALE LIMOUSINES, NEW SOUTH WALES HIRE CAR ASSOCIATION, SLINGSHOT LIMITED