Aviation

Sydney Airport declines offer to build Badgerys Creek

Sydney Airport has delivered a big fat ‘no’ to the request to develop and operate the new Western Sydney Airport.

And while CEO and Managing Director Kerrie Mather said it was an “exciting opportunity” for the region, it wasn’t something Sydney Airport could justify investing in.

As a result, the Federal Government will now be left to develop and manage the Badgerys Creek airport.

Upon receiving a Notice of Intention back in December 2016, Sydney Airport worked on analysing the investment required to build the second Sydney airport, and determined its terms don’t meet the criteria.

Mather said, “The development of a new airport is an exciting opportunity for western Sydney. We have no doubt that the new airport, which is expected to be operational late 2026, will create jobs and encourage significant investment in the region.

“Importantly, additional aviation capacity in the Sydney basin will ensure that NSW continues to compete both nationally and internationally for the highly valuable business, visitor and tourism economy.”

Mather explained Sydney Airport’s decision not to accept the Notice of Intention is in the best interest of its investors.

“Despite the opportunities that Western Sydney Airport will present, the risks associated with the development and operation of WSA are considerable and endure for many decades without commensurate returns for our investors.”

In a statement, Prime Minister Malcolm Turnbull said details of its plan to build the new airport would be announced in the federal budget next week.

“It is a vitally important project for Western Sydney, for Sydney, and the nation, which is why the Coalition Government ended decades of indecision by committing to the project in 2014,” he said.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Tourism

Three travel marketing trends to drive bookings in 2020

by Chris Greenwood

Surrounded by picturesque beaches filled with fun-loving locals and a plethora of exotic animals, Australia is a bucket-list destination for […]

Share

CommentComments

Aviation

Qantas’ bitter court stoush with Perth Airport continues

by Christian Fleetwood

The flying kangaroo has been ordered to hand over information on airport fees and the profitability of its Perth route in an ongoing legal battle with Perth Airport.

Share

CommentComments

Wholesalers

AFTA boss says “many and very serious questions” to be asked about Excite Holidays

by Huntley Mitchell

Jayson Westbury says he is committed to uncovering the truth about the collapse of Excite Holidays, which has left many agents and their clients in limbo.

Share

CommentComments

Destinations

Venice: Low tide sees canals become impassable by gondolas

Tourists to the city of Venice have been met with a stark contrast to November’s high tides.

Share

CommentComments

Tourism

Flavour of the Week: Chimu’s new national sales manager, SA Premier takes state’s top tourism job + MORE!

It’s ups and downs in this Flavour of the Week, with appointments and resignations aplenty. For added enjoyment, Travel Weekly highly recommends reading this with an alcoholic beverage in hand.

Share

CommentComments

Cruise

Agents can now book brand-new expedition voyages with Viking

Viking’s brand-new expedition itineraries have launched, and they just happen to coincide with the launch of Travel Weekly’s ‘Pub Crawl’ and ‘Weekend Bender’ itineraries.

Share

CommentComments

Aviation

Airline employee’s sassy tweet goes viral

You can absolutely tell who on Twitter has worked in customer service before based on their response to this viral tweet.

Share

CommentComments

Aviation

WATCH: skateboarder’s plane toilet prank goes terribly wrong

This one has everything you want in a Friday story: a pro skateboarder, a prank gone wrong and even a dash of toilet humour. All that’s missing is an early mark and a cheeky wine.

Share

CommentComments

Wholesalers

These are your 2020 travel horoscopes, courtesy of G Adventures

We don’t know about you, but we think horoscopes are pretty neat. In fact, we use Mercury in retrograde as an excuse for just about everything.

Share

CommentComments

Travel Agents

Agent Wrap: agents treated to KURIOS performance, PTM hits Papua New Guinea + MORE!

Judging by the length of this wrap, you agents sure have been quiet lately. Well, as quiet as a bunch of jet-setting socialites can be.

Share

CommentComments

Destinations

Aloha Friday Wrap: Hawaii’s latest news and developments, Hawaiian Airlines’ year in review + MORE!

It’s our first Aloha Friday Wrap for 2020, and we can guarantee you’ll be well-informed about all Hawaii has to offer after reading this.

Share

CommentComments

Hotels

Outrigger’s ‘Australia Day in Waikiki’ event to raise funds for bushfire relief

Outrigger Hotels and Resorts is joining the worldwide effort in supporting the Australian bushfire crisis.

Share

CommentComments