Passenger Terminal Today.com
The daily portal for the latest airport passenger terminal news and views
   Sort by: relevance most recent



NEWS >>

Sydney Airport buys back T3 from Qantas

Sydney Airport in Australia has bought back its lease for Terminal 3 (T3) from Qantas airlines for A$535m (US$393m). As such, the two parties have now put in place a new 10-year commercial agreement that will benefit both, although ownership of T3 will revert back to Sydney Airport as of September 1, 2015. Qantas purchased the 30-year lease for the domestic terminal in 1989, which was due to expire on June 30, 2019.

Under the new agreement, Qantas will retain exclusive use of T3 and will continue to manage most of the terminal on behalf of Sydney Airport until June 30, 2019. After that time, Qantas will retain priority usage of T3 through to June 30, 2025. Priority usage includes a majority of the terminal’s gates, check-in and baggage facilities.

Alan Joyce, group CEO for Qantas, said, “This deal secures Qantas’ long-term position in our largest hub, ensuring priority usage as the primary airline customer of Sydney’s T3.

“We now have certainty about our future operations in T3 post-2019, and an outcome that is a win-win for both Qantas and Sydney Airport.”

Kerrie Mather, managing director and CEO for Sydney Airport, said, “We’re delighted with this agreement, which is the result of long-term and collaborative engagement between Sydney Airport and Qantas, and delivers a positive outcome for both parties.”

August 19, 2015





RECEIVE THE
LATEST NEWS


Your email address:



Monthly Poll >>

What is the biggest challenge facing the African aviation sector today?

SUPPLIER SPOTLIGHT

Click here for listings and information on leading suppliers covering all aspects of the passenger terminal industry. Want to see your company included? Email Damien de Roche.

View all suppliers >>

Passenger Terminal World >>

Read latest issueNEW DIGITAL EDITION:
Passenger Terminal World January 2018 is now online.

Read now.


More Information>>

Railway Terminal World >>

Read latest issueNEW DIGITAL EDITION: From the publishers of Passenger Terminal World, the only magazine dedicated to railway terminal and station design and technologies.


Read the free digital edition >>


TV >>

iGA releases video showcasing Istanbul New Airport

Watch Now >>

Annual Showcase 2018 >>

Read latest issueNEW DIGITAL EDITION:

Passenger Terminal World Showcase 2018 is now online.

Read now.


More Information >>