AIRPORTS – NEW SOUTH WALES

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

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

Sydney Airport pins hopes on Chinese

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Original article by Matt O’Sullivan
The Australian Financial Review – Page: 17 : 15-May-15

Trevor Gerber succeeded Max Moore-Wilton as chairman of Sydney Airport on 14 May 2015. Meanwhile, CEO Kerrie Mather has forecast a big rise in Chinese visitors in coming years, citing factors such as increased flights between Australia and China, the free-trade deal between the two nations and the relaxation of visa requirements for Chinese travellers. Sydney Airport also plans to revamp its international terminal’s duty-free facilities.

CORPORATES
SYDNEY AIRPORT – ASX SYD, GEBR HEINEMANN SE & CO KG, THE NUANCE GROUP (AUSTRALIA) PTY LTD, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH