Air Transport World

The consortium. (Asia/Pacific Report).(Southern Cross Group acquires Sydney Airport)(Brief Article)

The consortium that bought Sydney Airport for a record A$5.6 billion ($3.1 billion) is banking on high levels of traffic growth to sup- port the premium price paid. Southern Cross Group, headed by Macquarie Bank, is understood to have topped the bids of its two rivals by A$600 million A$1 billion to secure the long-term lease for Sydney, the last of the major airports to be sold by the Australian government. …

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