In March 2012, Infratil announced that Manston was up for sale because it wanted to “refocus its investment profile” and concentrate on retail, production and supplying gas and electricity. What they didn’t mention in their press releases was that Manston had lost them money hand over fist ever since they bought it. In the previous couple of years Infratil had …Read More »
A consortium led by an Australasian investment manager has emerged as an early rival to Manchester Airports Group in the £1bn battle for Stansted airport. Morrison & Co, which operates out of New Zealand, Australia and Hong Kong, is heading a bid team that also includes the New Zealand Superannuation Fund and Infratil, a Wellington-based infrastructure investor. Stansted was finally …Read More »
BAA airport sale squeezes Prestwick
Have you ever had one of those weeks when things just seem to go from bad to worse? If so, you'll be able to empathise with Infratil.
In response to the general downturn and gloom, the bucket shops are reducing capacity and cutting routes. Flybe, the mainstay of Manston's struggling passenger business, is on the ropes and cutting routes that are busier than the infrequent services out of Manston - which doesn't bode well.
And now, to cap it all, BAA (easily the largest airport operator in the country) is moving the goal posts and increasing the competitive pressure on Prestwick, Infratil's busiest airport outside New Zealand.Read More »