1 00:00:00,240 --> 00:00:04,000 Speaker 1: The ComCom says it won't investigate sky high airport costs 2 00:00:04,040 --> 00:00:07,360 Speaker 1: despite pressure from airlines. Instead, it'll tighten rules next year 3 00:00:07,400 --> 00:00:10,200 Speaker 1: to better monitor big airport projects in New Zealand, as 4 00:00:10,240 --> 00:00:13,039 Speaker 1: you know, has publicly had beef about this. They say 5 00:00:13,080 --> 00:00:15,280 Speaker 1: fees have more than doubled in two years in Auckland, 6 00:00:15,360 --> 00:00:18,000 Speaker 1: could cost them half a billion bucks by twenty thirty two. 7 00:00:18,560 --> 00:00:21,840 Speaker 1: Billy Moore is New Zealand Airport's Association Chief executive. Billy 8 00:00:21,920 --> 00:00:25,600 Speaker 1: good morning, good morning. So you're not you're not off 9 00:00:25,600 --> 00:00:27,440 Speaker 1: scot free here the airports. So there is going to 10 00:00:27,440 --> 00:00:29,960 Speaker 1: be a bit more monitoring, a couple of changes made, 11 00:00:30,000 --> 00:00:30,920 Speaker 1: but no investigation. 12 00:00:32,040 --> 00:00:35,280 Speaker 2: Yeah, that's right. It's not a it's a constructive outcome 13 00:00:35,960 --> 00:00:38,879 Speaker 2: to work on the information disclosure of regime. But you 14 00:00:38,920 --> 00:00:42,880 Speaker 2: know it is all about balance in the system here 15 00:00:43,479 --> 00:00:46,760 Speaker 2: in New Zealand has made that claim as you have said. 16 00:00:46,760 --> 00:00:49,800 Speaker 2: But while they say they might pay half a billion 17 00:00:49,840 --> 00:00:52,720 Speaker 2: dollars in fees, look at New Zealand, Auckland is their 18 00:00:53,120 --> 00:00:56,280 Speaker 2: biggest hubs. Are also are protected to make from that 19 00:00:56,480 --> 00:00:59,800 Speaker 2: six point five billion dollars by twenty thirty two. So 20 00:01:00,400 --> 00:01:02,320 Speaker 2: while it might be one of their biggest costs that 21 00:01:02,320 --> 00:01:05,360 Speaker 2: they're managing. It's also one of the places where they 22 00:01:05,440 --> 00:01:06,240 Speaker 2: make the most money. 23 00:01:06,280 --> 00:01:08,119 Speaker 1: Why are you charging so much? Is it just because 24 00:01:08,120 --> 00:01:10,280 Speaker 1: you're doing the upgrades and once that's done things we 25 00:01:10,400 --> 00:01:11,280 Speaker 1: back to normal or what. 26 00:01:12,840 --> 00:01:17,800 Speaker 2: Auckland Airport's fees are about where most international airport fees sits. 27 00:01:17,920 --> 00:01:21,800 Speaker 2: They're not particularly high. They've been up maybe a dollar 28 00:01:21,880 --> 00:01:25,680 Speaker 2: fifty a year over the past few years, and some 29 00:01:25,760 --> 00:01:31,040 Speaker 2: of it is about stabilizing fees after them being extremely 30 00:01:31,120 --> 00:01:33,920 Speaker 2: low for about at least a decade. 31 00:01:33,959 --> 00:01:36,960 Speaker 1: That's right, Why would they low for a decade? 32 00:01:38,080 --> 00:01:41,480 Speaker 2: Well, it's taken a long time for Aucland Airport to 33 00:01:41,520 --> 00:01:45,000 Speaker 2: get its infrastructure build progressing, and part of the reasons 34 00:01:45,000 --> 00:01:47,760 Speaker 2: for that has been resistance from the airlines over that time, 35 00:01:48,120 --> 00:01:50,920 Speaker 2: trying to delay the build and reduce it, which means 36 00:01:50,920 --> 00:01:54,080 Speaker 2: that the costs now will be a little bit steeper 37 00:01:54,120 --> 00:01:56,400 Speaker 2: than they otherwise would have been a progress I've been 38 00:01:56,400 --> 00:01:57,040 Speaker 2: made earlier. 39 00:01:57,520 --> 00:01:59,880 Speaker 1: Appreciate your time, Billy Billy Moore, New Zealand Reports are 40 00:01:59,880 --> 00:02:01,200 Speaker 1: so Siation Chief Executive. 41 00:02:02,000 --> 00:02:04,240 Speaker 2: For more from early edition with Ryan Bridge. 42 00:02:04,320 --> 00:02:07,760 Speaker 1: Listen live to news talks it be from five am weekdays, 43 00:02:08,040 --> 00:02:10,079 Speaker 1: or follow the podcast on iHeartRadio,