-
19-06-2024, 09:45 AM
#3571
Member
Originally Posted by Toddy
I thought they had gone cold on a runway extension and were going down the route of better planes and technology to eventually meet the requirements for a population the size of Wellington.
IFT have been very poker faced on this one. Let's just say that Bright and A2 do not have a monopoly on playing a good chess game.
Yes, you're right. I guess the point I was trying to make is that you want to have a good relationship with the local authority, and that's the only baragaining chip the council has in getting the best price it can from IFT, who have no need to own 100% of the airport.
-
19-06-2024, 09:47 AM
#3572
Member
Originally Posted by winner69
Needs a new bigger seawall first before it floats away
Current state of play, following consultation https://www.wellingtonairport.co.nz/...-sea-defences/
-
19-06-2024, 09:50 AM
#3573
Originally Posted by Toddy
Agree.
Now my 12 year old is armed with the information (and a spreadsheet) to explain to his mother why his education fund should be invested into discounted IFT shares. He is all over it.
The second lesson will be all about when to pick the correct timing to have the discussion.
Great lessons. We need more Toddy Juniors!
-
19-06-2024, 09:53 AM
#3574
Originally Posted by winner69
Needs a new bigger seawall first before it floats away
Former poster BlackPeter used to bang on about AIA being a dubious long term investment with rising sea levels inundating the runway and land!
-
19-06-2024, 10:02 AM
#3575
Member
Just catching up with things. Keen to understand whether via the retail offer they will just grant a pro rata amount to enable holders to maintain percentage, or is there a chance they’d allow up to $150k regardless of current holding? Interested in views of seasoned experts here!
-
19-06-2024, 10:10 AM
#3576
Originally Posted by Ggcc
Spoke to one of the guys at road show and they mentioned that the extension would most likely never happen. Really interested how open minded they were to any questions given.
Main issue is the pilots association along with regulators were highly likely to follow through with the result that the runway extension would not have been able to take any larger/longer distance planes. The main reasoning being that the current runway has a special exemption for being so short due to geographic constraints, and as such does not have the standard safety distances. So if the runway got extended, all the extra runway length would see the special exemption removed and the extra tarmac would simply be the standard safety buffer.
So any investment in a longer runway would result in a safety increase, but no extra larger/longer range capability or revenue generation - which makes it a dead on arrival proposal as a commercial proposition. The only way it would happen under that scenario is if the airport was notified that it would lose its special exemption at a specified point in future, and so would be forced to extend the runway simply to maintain its current capabilities.
Figners crossed the Boom Overture (new supersonic airliner) can land on a short runway, it’s long, but very light. Wouldn’t give too much in way of extra further distance locations to fly too (could do WLG to Hawaii, but not sure wellington market would support that), but can do any South Pacific/Australian east coast destination in a significantly shorter flight time (for those willing to pay extra). As a Wellingtonian, I would be annoyed if that ended up being restricted to Auckland & Christchurch.
https://boomsupersonic.com/overture
-
19-06-2024, 10:27 AM
#3577
Back to the future. Concorde was a beauty. Americans initially tried to stop it landing in New York, ostensibly because it was so noisy when taking off and landing and ascending. However a major reason was probably probably because British Airways (and not an American airline) was operating it. NZ is not so concerned about airline noise impinging on residents. There are plenty of nighttime flights over Auckland already. Population growth means flight paths are now over residential areas.
-
19-06-2024, 11:04 AM
#3578
Member
Originally Posted by Bjauck
Back to the future. Concorde was a beauty. Americans initially tried to stop it landing in New York, ostensibly because it was so noisy when taking off and landing and ascending. However a major reason was probably probably because British Airways (and not an American airline) was operating it. NZ is not so concerned about airline noise impinging on residents. There are plenty of nighttime flights over Auckland already. Population growth means flight paths are now over residential areas.
Concorde's seats weren't made for American obesity, economy sized seats for first class price
-
19-06-2024, 12:44 PM
#3579
Originally Posted by maclir
Concorde's seats weren't made for American obesity, economy sized seats for first class price
I have heard it called the toothpaste tube! From the publicity, Boom overture sounds more luxurious. A bit of an unfortunate name I think.
-
19-06-2024, 02:18 PM
#3580
Originally Posted by Santiago
Just catching up with things. Keen to understand whether via the retail offer they will just grant a pro rata amount to enable holders to maintain percentage, or is there a chance they’d allow up to $150k regardless of current holding? Interested in views of seasoned experts here!
As I understand it at the moment, the retail offer is sized such that if small holders apply for a pro-rata amount (of approx 135 new shares per existing 1,000 ), subject to the NZD150K or AUD45K limits, then that can be achieved.
If you apply for more then you may get more depending upon the take-up rate.
Tomorrow may give more info and all will be revealed on allotment date.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks