Owais Crawford
Perth Airport has been operated by Perth Airport Pty Ltd since 1997, when it took up a 99-year lease from the federal government as part of a push to privatise airports. The company offers a range of services, including international, domestic, and regional flights, parking, transportation, lounges, and shopping. As of February 2024, the major shareholders of Perth Airport Pty Ltd were Future Fund (30%), Utilities Trust of Australia (23%), and AustralianSuper (17%).
| Characteristics | Values |
|---|---|
| Company Type | Airport Services |
| Services | International, domestic, and regional flights, parking, transportation, lounge, shopping stores, and other related services |
| Lease | 99-year leasehold interest from the federal government |
| Land Area | 2,105 hectares |
| Investment Buildings | Approximately 40 |
| Leases | Over 300 |
| Property Tenants | More than 120 |
| Major Shareholders (as of February 2024) | Future Fund (30%), Utilities Trust of Australia (23%), and AustralianSuper (17%) |
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What You'll Learn
- Perth Airport Pty Ltd operates the airport under a 99-year federal government lease
- Future Fund, Utilities Trust of Australia, and AustralianSuper are major shareholders
- The company manages over 300 leases and 120 tenants within its portfolio
- Perth Airport Pty Ltd provides international, domestic, and regional flights
- The airport has seen strong passenger growth, especially during the mining boom
Perth Airport Pty Ltd operates the airport under a 99-year federal government lease
Perth Airport Pty Ltd has operated Perth Airport since 1997 under a 99-year federal government lease. The company provides a range of airport services, including international, domestic, and regional flights, parking, transportation, lounges, shopping stores, and other related services.
The airport estate covers 2,105 hectares of land, and Perth Airport Pty Ltd owns and maintains approximately 40 investment buildings within this area. They manage over 300 leases and have more than 120 property tenants, playing an active role in the development process from planning to construction.
The 99-year lease was taken up as part of the Federal Government's push to privatise airports in 1997. As of February 2024, the major shareholders of Perth Airport Pty Ltd were the Future Fund (30%), Utilities Trust of Australia (23%), and AustralianSuper (17%).
Perth Airport is one of three civilian airports in the Perth metropolitan area, the others being Jandakot Airport and Rottnest Island Airport. It has experienced significant passenger growth over the years, particularly from 2000 to 2012, due to the mining boom and an increase in international low-cost carrier traffic.
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Future Fund, Utilities Trust of Australia, and AustralianSuper are major shareholders
Perth Airport Pty Ltd has operated Perth Airport under a 99-year lease from the federal government since 1997. The airport has seen significant passenger growth, particularly from 2000 to 2012, due to the mining boom in Western Australia and an increase in international low-cost carrier traffic.
As of February 2024, Future Fund (30%), Utilities Trust of Australia (23%), and AustralianSuper (17%) are the major shareholders of Perth Airport Pty Ltd. These shareholders have contributed to the airport's development and investment in various infrastructure projects.
Future Fund, as the largest shareholder, has likely played a significant role in the airport's strategic direction and decision-making processes. With a substantial stake in the company, Future Fund influences key decisions regarding the airport's operations, expansion plans, and overall business strategy. Their involvement ensures that the airport's management aligns with their investment objectives and contributes to the fund's long-term growth.
Utilities Trust of Australia, with a 23% stake, also holds a considerable influence in the airport's operations and development. Their investment has potentially contributed to the airport's infrastructure projects and expansion plans. As a trust focused on infrastructure and utilities, their involvement ensures that the airport receives the necessary support for its utility-related aspects, such as transportation networks, power supply, and water management.
AustralianSuper, holding a 17% share, is another key player in the airport's operations. As one of the largest superannuation funds in Australia, their investment in Perth Airport Pty Ltd reflects the fund's strategy to diversify its portfolio and provide stable, long-term returns for its members. AustralianSuper's involvement demonstrates the airport's attractiveness as a stable, long-term investment opportunity.
Together, these major shareholders have likely contributed to the airport's success, supporting its growth and ensuring its competitiveness in the aviation industry. Their investment has facilitated the airport's expansion and improvement projects, enhancing its capacity, passenger experience, and overall efficiency.
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The company manages over 300 leases and 120 tenants within its portfolio
Perth Airport Pty Ltd has managed Perth Airport since 1997 under a 99-year lease from the federal government. The company provides a range of airport services, including international, domestic, and regional flights, parking, transportation, lounges, and shopping stores.
Perth Airport Pty Ltd manages over 300 leases and 120 tenants within its portfolio. The airport estate covers 2,105 hectares of land, and the company owns and maintains approximately 40 investment buildings. Their tenants benefit from the airport's convenient location, which is only 12 kilometres from the Perth CBD and offers easy access to major highways and the Kewdale Freight Terminal.
Perth Airport Pty Ltd is involved in all aspects of the development process, from planning to construction. Their in-house property management and facilities management teams ensure a seamless transition from concept to occupancy. The company takes a fully integrated approach to property solutions, offering leasing and development expertise to its tenants.
The portfolio of 300 leases and 120 tenants showcases the company's successful management and development capabilities. By maintaining ownership of their assets, Perth Airport Pty Ltd can provide tailored solutions and foster long-term relationships with their tenants. The company's expertise in leasing and development, combined with their extensive property portfolio, contributes to the efficient operation of Perth Airport and the satisfaction of their tenants.
Perth Airport Pty Ltd's management of their leases and tenants plays a crucial role in the airport's overall success. By creating a vibrant and well-managed estate, the company attracts a diverse range of businesses and contributes to the airport's economic growth. Their ability to manage a large number of leases and tenants effectively demonstrates their expertise in property management and their commitment to providing a seamless experience for their tenants.
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Perth Airport Pty Ltd provides international, domestic, and regional flights
Perth Airport Pty Ltd has been operating Perth Airport under a 99-year lease from the federal government since 1997. The airport is located approximately 10 km (6 mi) east of Perth's central business district. It is one of three civilian airports within the Perth metropolitan area, the others being Jandakot Airport and Rottnest Island Airport.
Terminal 2 (T2) is located southwest of T1 and primarily caters to regional services. Virgin Australia Regional and Alliance commenced operations from T2 in 2013, and Rex Airlines followed suit in 2016. In 2024, domestic Jetstar services moved their operations to T2. T2 features an Alliance lounge and is connected to T1 by a walkway, allowing seamless transfers to Virgin Australia's regional services.
Terminals 3 and 4 (T3 and T4) are exclusively used by Qantas for domestic and international flights. T3 has five jetways and nine gates, including customs and immigration facilities for international flights. Upgrades to T3 and T4 are planned to create additional capacity for Qantas services before the airline moves to a new terminal in Airport Central in 2031.
Perth Airport has experienced significant passenger growth, particularly between 2000 and 2012, due to the state's mining boom and increased traffic from international low-cost carriers. By June 2012, international passenger numbers had increased by 11.7%, while domestic passenger numbers grew by 6.9%. Overall, the airport handled 12.6 million passengers in 2012.
Perth Airport is a vital link in Western Australia's resources sector supply chain, facilitating the fly-in, fly-out workforce. It is the fourth busiest airport in Australia and is serviced by over 30 international, domestic, and regional airlines. In FY17, the airport handled 13.6 million passengers, and this number is projected to rise to 28.5 million by 2034.
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The airport has seen strong passenger growth, especially during the mining boom
Perth Airport Pty Ltd has operated Perth Airport under a 99-year lease from Australia's federal government since 1997. The airport, which is located on Aboriginal traditional Whadjuk-Noongar country, has experienced strong passenger growth, especially during the mining boom.
From 2000 to 2012, the airport saw a significant increase in passenger numbers, primarily due to the state's prolonged mining boom and an increase in traffic from international low-cost carrier airlines. By June 2012, Perth Airport's passenger numbers had grown by 11.7% internationally and 6.9% domestically, resulting in an overall increase of 10.3%. In the ten years from 2002 to 2012, passenger numbers trebled, with over 12.6 million people travelling through the airport in 2012.
The first mining boom in 1979 brought 679,000 passengers to the airport. Now, the same number of passengers travels through the airport every eighteen days. This growth has impacted the residents of Perth, with aircraft noise affecting suburbs under flight paths. The City of Canning and the City of Swan have experienced significant issues related to aircraft noise, which is incompatible with residential and educational land use in a city with over two million residents.
The mining boom has also led to increased flight routes and activity, with Airservices Australia reporting a 21% increase in the nation's aviation network compared to pre-pandemic levels, including 70 new domestic routes. Perth Airport experiences peak periods due to the nature of the resources sector's FIFO (fly-in-fly-out) workforce and connections to international flights. Airports in resource-rich regions have seen higher revenues from FIFO and trade activities, with up to 40 aircraft departing each hour during the early morning peak.
To accommodate this growth, Perth Airport has made significant investments, including a $5 billion investment fund for a new terminal, a third runway, multi-storey carparks, and a hotel in the Airport Central precinct. The federal and state governments have also invested heavily in the airport complex, expecting airlines and the resources industry to commit to meeting near and long-term infrastructure needs.
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Frequently asked questions
As of February 2024, the major shareholders of Perth Airport Pty Ltd are Future Fund (30%), Utilities Trust of Australia (23%), and AustralianSuper (17%).
Perth Airport Pty Ltd is a company that provides airport services, including international, domestic, and regional flights, parking, transportation, lounges, shopping stores, and other related services.
Perth Airport Pty Ltd has operated Perth Airport since 1997 under a 99-year lease from the federal government as part of its push to privatise airports.
The airport estate covers 2,105 hectares of land, with over 40 investment buildings and 300 leases within its property portfolio.
Perth Airport Pty Ltd operates Perth Airport under a 99-year lease from the federal government, which leased the airport to the company in 1997 as part of its privatisation efforts.
