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Leaseholder company of Sydney Airport From Wikipedia, the free encyclopedia
Sydney Airport Corporation Limited (SACL)[1] was formed by the Australian Federal Government as the corporate entity and sole leaseholder for Sydney (Kingsford Smith) Airport. It owns the airport operator for Sydney (Kingsford Smith) Airport, Sydney Airport Limited.
Sydney Airport Limited (ABN 18 165 056 360) | |
Company type | Private company |
(ABN 62 082 578 809) | |
Industry | |
Founded | May 28, 1998 |
Headquarters | The Nigel Love Building, 10 Arrivals Court, Sydney International Airport, , |
Services | Aviation services |
Owner | Sydney Aviation Alliance Holdings Pty Ltd (SAAHPL) |
Subsidiaries | Sydney Airport Finance Company Pty Limited (ABN 31 110 565 261) |
Whilst the airports are privately controlled under this agreement, the Australian Government still retains responsibility for other airport-related services through agencies such as Airservices Australia (air traffic control, aviation communications/navigation-aids, airport fire-fighting and rescue), the Australian Customs Service, the Australian Quarantine and Inspection Service, the Australian Federal Police and the Department of Infrastructure and Transport.
Sydney Airport Corporation Limited (SACL) was incorporated on 28 May 1998 and commenced operations on 1 July 1998 [2] as the long-term lessee of Sydney Airports from the Australian Federal Government under the Airports Act 1996.[3] At the point of incorporation, it owned the leases for all the airports in the Sydney region – Sydney Airport, Bankstown, Hoxton Park and Camden – as a Government Business Enterprise.[4]
On 13 December 2000, the Australian Government announced its intention to privatise the Sydney basin airports, with Sydney (Kingsford Smith) Airport to be sold separately followed by the remaining three airports (Bankstown, Camden and Hoxton Park). After conducting a scoping study, the Government announced it had decided SACL would be broken up and privatised as two separate and competing companies: one company would operate Sydney (Kingsford Smith) Airport; and Bankstown, Camden and Hoxton Park Airports would be operated as separate companies jointly managed under another company.[5] The decision to sell Sydney (Kingsford Smith) Airport by a 100 per cent trade sale was made on 29 March 2001 and the Australian Government entered into an arrangement for Macquarie Bank to lease and operate the airport as Sydney Airport Holdings for a period of 99 years via its ownership of SACL.
The owner of SACL with 100% interest was Sydney Airport Holdings until its acquisition in 2022 by Sydney Aviation Alliance Holdings Pty Ltd (SAAHPL) which comprises the following parties:[6]
Owner | Stake |
---|---|
IFM Australian Infrastructure Fund | 14.99% |
IFM Global Infrastructure Fund | 18% |
AustralianSuper Pty Ltd | 7.5% |
QSuper | 7.5% |
Global Infrastructure Partners | 37% |
UniSuper | 15.01% |
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