a7ala wrote:NZ516 wrote:While AKL airport postpones the terminal project. They will instead invest in building a new $200m shopping center with 100 stores to open in 2024.
https://www.shoppingcentrenews.com.au/l ... -shopping/
You do realise they have got nothing to do with each other right? The shopping centre is a commercial development funded by the airport. The Terminal will be funded by the airlines. I bet if yiou asked the airlines if they would like to pay for a shiny new terminal there wouldnt be much support in the current financially challenged environment.
All of the aero-related developments at airports need to ultimately be paid for by the airlines and passengers.
The money is being spent on other non core projects while the most important project keeps getting kicked down the road. They have been doing this for decades now. I dont buy the argument that its not a good time they use that same excuse countless times before. A new terminal will also have retail leases that will earn the airport company money. How can both Christchurch and Wellington airports fund new domestic terminals in the last 10-20 years while Auckland airport which has more flights and more revenue coming in can't afford it. I don't by that reason as valid that its not warranted. They can fund it through borrowing as CHC and WLG plus many other airports in NZ managed to fund their recent terminal upgrades with far less revenue coming in than AKL. Its just a different mindset that is holding it back!