A jet every 10 mins needed: report [ODT, 10/09/19]

A passenger jet landing and taking off every 10 minutes.

That is a conclusion in a report into the underlying finances of the proposed expansion of Wanaka Airport and an investment of $400million.

That is the flight frequency needed if the industry standard investment return is to be realised.

Wanaka Stakeholders Group commissioned Richard Somerville, of Wanaka, a chartered accountant with a 25-year career in investment banking specialising in mergers and acquisitions, to conduct the “independent” assessment…

Read this Otago Daily Times article in full here.

Click on the cover page below to download a copy of Richard Somerville’s financial analysis of QAC’s proposed $400m spend for Wanaka Airport.

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