prep@prep.synonet.com wrote:

Whats this about WAC Landing Chargeds and the Connie !!!!! ?
I heard that they had been waived to INDUCE THE CONNIE TO ARRIVE
in the hope of bringing punters to the International Terminal retail
survey etc etc and of course up the car park income :)

It Not- Then David Crawford is a low life bastard and and dickhead
without any sense.

Maybe Len Buckridge ( BGC) who *LOVES* connies may rediscover his
attitude adjustment axe handle and pay them a visit :)

Background to possible back flip on waiving charges

See- Oct 26 PR release .

Westralia Airports Corporation (WAC) the operator of Perth Airport
today declared "business as usual" following the decision by 15%%
owner BAA to sell off its overseas airport assets, including its
Australian share holdings.

BAA, formerly the British Airport Authority, was purchased in June this
year by a consortium led by Spanish transport and infrastructure
conglomerate Ferrovial, in partnership with Canadian and Singaporean
investors.

The company announced this morning that it would be selling all its
international airport interests, of which its Australian investments
include minority interests in Perth, Melbourne, Launceston, Darwin,
Alice Springs and Tennant Creek Airports. The sale of these interests
mean the company can focus on its UK airports.

Westralia Airports Corporation is a wholly owned subsidiary of
Airstralia Development Group (ADG). Airstralia Development Group's
current shareholders are:

* Utilities Trust of Australia (UTA) 32.01%%
* Australian Infrastructure Fund (AIF) 24.88%%
* Perth Airport Property Fund (PAPF) 14.50%%
* Westscheme Pty Ltd (WS) 5%%
* Officers Superannuation Fund (OSF) 3.17%%
* Colonial First State Private Capital Limited (CFS) 1.87%%
* Queensland Infrastructure Trust (QIF) 3.57%% and
* BAA 15%%.

Hastings Fund Management administers UTA, PAPF, AIF and QIF, which have
a total equity interest of 75%%. Hastings Funds Management Limited is a
specialist Australian infrastructure and investment company.

David Crawford, Perth Airport Executive Chairman said that this
decision was not a surprise and that business at Perth Airport would
continue to operate as normal.

"Like any well managed company, we have contingency plans for such
decisions. The shareholders agreement contains pre-emptive rights, thus
the remaining shareholders will determine the future ownership
structure of WAC," Mr Crawford said.

"I can assure you that WAC will remain in good shape and will
continue to look to the future, building on already successful
achievements, with Perth Airport serving the interests of the Western
Australian community and domestic and international travellers alike."