Sydney Airport Sold To Bank-Led Group:
ANBERRA, Australia, Tuesday, June 25 — Sydney Airport, the largest airport in Australia, was sold today for 5.6 billion Australian dollars, or $3.2 billion.
The finance minister, Nick Minchin announced the agreement with the Southern Cross Group, a consortium headed by Macquarie Bank, Australia’s largest investment bank.
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By: Ja Worsley - 27th June 2002 at 17:19
RE: What does it mean????
Monster; just watch them buddy, you don’t know the power of the dark side (err money that is)!
Leave no-one behind!
By: monster500 - 27th June 2002 at 05:49
RE: What does it mean????
the govt of Australia still controls the airport fees,slots and god knows what else,it is legislation,so they just can’t go changing things about.
By: mongu - 26th June 2002 at 21:23
RE: What does it mean????
I dimly recall that Luton airport in the UK was sold to/administered by Barclays bank – there was no end of bad feeling over charges and fees!
Merchant bankers!
Oil tankers!
By: Ja Worsley - 26th June 2002 at 16:38
What does it mean????
Fees upon fees upon fees upon fees
And if you don’t like that, there’s a dislike fee of just 15%p.a. which is non tax refundable! }>
Leave no-one behind!
By: greekdude1 - 26th June 2002 at 00:44
RE: Sydney Airport Sold To Bank-Led Group
So the gov’t sold the airport to a bank. What does this mean now?
GD1
By: monster500 - 25th June 2002 at 23:47
RE: Sydney Airport Sold To Bank-Led Group
it is the largest price paid for an airport anywhere in the world,a record that will be broken sometime in the future
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June 25, 2002 at 4:16 pm