AIAL exploring plans to sell 24.55% North Queensland Airports shareholding

    Auckland International Airport Ltd (AIAL) stated it has “encountered strong buyer interest” for its 24.55% shareholding in North Queensland Airports (NQA) and is exploring plans the sell the shareholding (New Zealand Herald, 03-Jan-2018). As previously reported by CAPA, in Aug-2017 AIAL CFO Phil Neutze said: “While North Queensland Airports is a quality asset it is not integral to our current business strategy”. AIAL is expected to provide more details about the potential sale on or before its FY2018 interim results announcement in Feb-2018.