Australia Pacific Airports Corporation

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.[4]

Australia Pacific Airports Corporation Limited
TypePrivate
IndustryAirports
Founded1995[1]
Headquarters
Gladstone Park, Victoria
,
Australia
Area served
Australia
Key people
Peter Hay, Chairman[2]
Lyell Strambi, CEO[2]
Revenue A$642 million (2012-13)[3]
A$202 million (2012-13)[3]
DivisionsAustralia Pacific Airports (Melbourne) Pty Ltd
Australia Pacific Airports (Launceston) Pty Ltd
Websitemelbourneairport.com.au/about-melbourne-airport/corporate-information/overview.html

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.[2]

The company is majority Australian owned by five Australian fund managers:

The Chief Executive Officer is Lyell Strambi.[5]

References
  1. "1997-1998 Annual Report" (PDF). Australia Pacific Airports Corporation Limited. 1998. Archived from the original (PDF) on 24 July 2008. Retrieved 30 June 2008.
  2. "Melbourne Airport — Corporate / Annual Reports". Melbourne Airport. Archived from the original on 19 July 2008. Retrieved 30 June 2008.
  3. "Australia Pacific Airports Corporation Annual Report 2013" (PDF) (Press release). Australia Pacific Airports Corporation Limited. 1 July 2013. Archived from the original (PDF) on 6 June 2014. Retrieved 5 June 2014.
  4. "Towards a National Aviation Policy Statement" (PDF). Melbourne Airport. 7 July 2008. Archived from the original (PDF) on 20 July 2008. Retrieved 30 June 2008.
  5. Australian Aviation
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