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NEWS Last modified on July 23, 2010

Airlines buying an airport?

Air New Zealand is reportedly considering forming a consortium with other airlines to buy a stake in...

Air New Zealand is reportedly considering forming a consortium with other airlines to buy a stake in Queenstown Airport.

The airline’s general manager for Australasia, Bruce Parton, claims that the potential move would ensure that the cost of travel to the gateway stays down. He insists that they would not seek any dividends, which would be reinvested into the airport infrastructure.

The potential bid follows the move by Auckland Airport, the country's main international gateway, to take a 25% stake in Queenstown Airport for NZ$28 million.

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