Aussie passengers up 11pc

Auckland International Airport Ltd has a new bank facility and has also released operating statistics which show a 7 per cent rise in domestic passengers and 0.8 per cent rise in international ones.

The $150 million standby facility is being provided by Bank of Tokyo-Mitsubishi UFJ and matures on March 10, 2013. It replaces a syndicated $100m standby facility which was due to mature on March 10, 2010. The airport said arrivals from Australia increased 11 per cent in the November traffic update compared with a year ago. The airport attributes the growth to increased capacity, lower fares and increased marketing.

It handled 3482 international aircraft movements in November, up 3.3 per cent on last year. Domestic aircraft movements of 9497 were down 4.9 per cent. Its shares rose 4c to $1.96.

- NZPA