Darwin Airport raises capital investment programme despite slow economic growth

    Darwin Airport raised its capital investment programme from AUD60 million (USD47 million) to AUD70 million (USD55 million) (NT News, 02-Aug-2017). CEO Ian Kew stated despite slower passenger and economic growth: “I am a definite believer that it will bounce back”. Mr Kew explained: “Around 85% of market is domestic travellers and we are operating in a climate of expensive airfares which adds to the problem of a flat economy”. The airport expects to receive six million passengers p/a by 2037.