Christchurch Airport is considering a draft report released this
morning by the Commerce Commission.
Airport CEO Jim Boult says he and his team are considering the
draft report and will respond to the Commission within the
"We are pleased the Commission has endorsed our 6.8% return for
the current pricing period as appropriate," says Mr Boult.
"The Commission also stated it has no concerns with our performance
in many areas, including investment, innovation, quality and
"The Commission has also endorsed the use of a long-term pricing
model as an efficient approach in principle.
"While it has expressed concerns at the level of long-term
returns we are targeting, we have only set prices for the current
five year period - and they are the prices the Commission has
"Beyond that, we are obliged to consult every five years with
our airline customers and at that time will also consider points
raised by the Commission. "
Mr Boult says CIAL is disappointed by some comments in the
"We take issue with the comments suggesting we did not take note
of the information disclosure process. We engaged fully and
transparently, but accept that the information we provided and the
longer term pricing model are complex and require extra
consideration by our airline customers and the Commission."