Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports:

Melbourne Airport Melbourne Airport , colloquially known as Tullamarine Airport, is the primary airport serving the city of Melbourne, and the second busiest airport in Australia. It opened in 1970 to replace the nearby Essendon Airport. Melbourne Airport is t ...

and

Launceston Airport Launceston Airport is a regional airport on the outskirts of Launceston, Tasmania. The airport is located in the industrial area of Western Junction from Launceston city centre. It is Tasmania's second busiest after Hobart Airport; it can als ...

. 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. APAC acquired the lease for

for $1.307 billion on 2 July 1997, and a 90% stake in

for $18.8 million on 29 May 1998.

Launceston City Council Launceston City Council (or City of Launceston) is a Local government in Australia, local government body in Tasmania, located in the city and surrounds of Launceston, Tasmania, Launceston in the north of the state. The Launceston local gov ...

owns the remaining 10% of Launceston Airport. Each airport is under a fifty year long-term lease from the

Australian Government The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Government i ...

, with options for a further forty-nine years. The company is majority Australian owned by five Australian fund managers: *

AMP Capital AMP Capital is a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group, was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance ...

(27.32%) *Industry Funds Management (

IFM Investors IFM Investors is a provider of investment services. As at 30 June 2021, IFM Investors invests on behalf of more than 550 institutions worldwide, including pension, superannuation and sovereign wealth funds, universities, insurers, endowment fun ...

) (25.17%) *SAS Trustee Corporation (Managed by NSW Treasury Corporation)(18.47%) *

Future Fund The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for politicians and other pu ...

(20.34%) *Utilities of Australia (Managed by HRL Morrison & Co) (8.70%) The

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

is Lorie Argus.

References

{{Reflist

External links

The Australia Pacific Airports Corporation website
Airport operators Companies based in Melbourne Deutsche Bank 1997 establishments in Australia