“I don’t see how they could avoid that (working with the government),” said Michael McCarthy, chief market strategist at CMC Markets. BUDGET HUB?Īs airlines like the country’s flagship carrier, Qantas Airways Ltd, welcomed the move to increase capacity, analysts said Sydney Airport would either have to adapt its existing expansion plans or face the consequences of being shut out of a major development that could be suited for low-cost carriers keen to grow. “If they (Sydney Airport) choose not to do so, then that opportunity will be offered to others,” he said.
The time frame for consultations will be “a minimum of a year and a maximum of two years”, Infrastructure Minister Warren Truss told reporters in Canberra. That plan was devised to meet forecast demand of 74 million passengers in 2033, nearly double 2013’s 38 million passengers.
Sydney budget airlines upgrade#
Talks between the government and the airport operator may be complicated by the fact that Sydney Airport already has an existing 20-year plan to upgrade Kingsford Smith. “Basically it’s the first right to develop and operate a second airport, but it’s something that would be subject to lengthy discussions,” Sydney Airport’s spokeswoman Laura Stevens told Reuters. Under rules governing its privatisation in 2002, Sydney Airport has the right of first refusal to develop and operate a second airport in the city. Sydney’s current sole airport is Kingsford Smith, operated by Sydney Airport Holdings Ltd in the Mascot suburb, 10 kilometres southeast of the city centre. While the project is designed to bring a straightforward injection of investment and jobs to the area in the near term, implementing it and making efficient use of the extra capacity it brings in the longer term may be more complex. “It is essentially going to be an infrastructure package for Western Sydney, a long overdue infrastructure package for Western Sydney, that does also involve an airport,” Abbott told reporters in Canberra. He was voted in on a ticket pledging he would be an “infrastructure prime minister”, targeting infrastructure projects to revive economic growth that sagged as Australia’s mining investment boom faded since 2012. But hey, I do, and that’s why I set up this newsletter, to share them with all of you.A second airport for Sydney was first proposed over 50 years ago, but became mired in political debate before Abbott promised to build one in last year’s victorious election campaign. It’s my passion to explore the globe – 53 countries and counting – and doing so by flying for ridiculously cheap prices :-)Īnd yes, I know not everyone has the time or know-how to dig out the cheapest flight deals like Bali for 213 € or Peru for 239 €. Now, you might be wondering, “Why does he do this?” Well, I think people should be able to see the world and explore new places on any budget. The good news is we've now expanded into the EU to cover flight deals for all major airports in Germany, Belgium, Norway, Denmark, Luxembourg, Sweden and the Netherlands! Since starting Jack's Flight Club in the UK around four years ago, we’ve grown to over 1,500,000 members and have been featured in the national press, Lonely Planet and on the BBC. We're not a flight comparison site, think of us instead as a friend that gives you a buzz when we find a really cheap flight.
A flight hacking ninja that's obsessed with finding ridiculously cheap flight deals to amazing destinations across the globe - and sharing them with our members.
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