Former Mayoral candidate Craig Lord has come out swinging against Wayne Brown’s comments about the Auckland Airport, saying the gaffe “didn’t surprise him”.
It comes after Brown told the council yesterday that its shares in Auckland International Airport would be reducing in value soon, forcing NZ RegCo, the New Zealand Stock Exchange’s regulatory division, to put a halt on trading due to concerns Mayor Brown had inside information.
He said the airport company planned to seek a capital injection to fund a new domestic terminal.
The council currently owns 18 per cent of the airport company but would not be participating in the airport’s capital expansion, so those shares would reduce in value to about 11 per cent.
Shortly before 1pm, Auckland Airport said in a statement to the NZX that it had “no plans to carry out an equity raise and we have made no announcements to the market in this regard”.