Air Travellers May Win from Airport Profit Review for More

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Air Travellers May Win from Airport Profit Review for More

For Immediate Release March 29 2018 Air travellers may win from airport profit review Airport pricing is to be put under the microscope says the Board of Airline Representatives of New Zealand (BARNZ). Justin Tighe-Umbers, executive director of BARNZ, says improvements to the Commerce Act would empower the Commerce Commission to effectively review airport profits and charges. This is long overdue to bring New Zealand into line with what happens internationally. “Commerce and Consumer Affairs Minister Kris Faafoi has recognised the need to improve the regulation of airport pricing,” Tighe-Umbers says. “BARNZ has been calling for this for a long time. “Right now, there is around $125 million that airports want to charge that our members believe is unfair on them and their passengers, who ultimately pay through ticket prices. “Airports have taken advantage of the current light-handed regime. These reforms are a good first step towards giving the Commerce Commission real teeth to get a better deal for passengers.” Tighe-Umbers says tourism is critical to the success of the economy as the country’s largest export earner bringing in more than $14 billion a year. This means it’s essential that the Commerce Commission has effective powers to regulate airport monopolies to keep the cost of travel competitive. For more information please contact: Justin Tighe-Umbers Executive Director BARNZ Phone 027 268 4053 or (09) 358 0696 About BARNZ: The Board of Airline Representatives New Zealand Inc (BARNZ) is an incorporated society representing the interests of its member airlines, which operate scheduled international and domestic services. Its members are: Air Calin Air China Air New Zealand (Group) Airwork Air Tahiti Nui Air Vanuatu American Airlines Cathay Pacific Airways China Airlines China Eastern Airlines China Southern Emirates Fiji Airways Hainan Airlines Hong Kong Airlines Jetstar Korean Air LAN Airlines Malaysia Airlines Menzies Aviation (associate) Philippine Airlines Qantas Airways Qatar Airlines Sichuan Airlines Singapore Airlines Tasman Cargo Airlines Thai Airways International Tianjin Airlines United Airlines Virgin Australia .

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