macquarie-purchases-shares-in-japanese-airport

Macquarie purchases shares in Japanese airport

A Macquarie Airports-led consortium buys 9.56% of Tokyo's domestic Haneda Airport for $165 million, marking the first Asian foray for the Australian airport operator.

By Sameera Anand

July 29, 2007

Macquarie Airports announced on Friday that it is leading a consortium which has acquired a 9.56% stake in Japan Airport Terminal JAT for Y19.6 billion $165.1 million. Macquarie Airports will itself own 4.79%.

JAT, which is listed on the Tokyo Stock Exchange, owns and operates the three passenger terminals at Haneda Airport. Haneda is TokyoÆs domestic airport, 31 kilometres southeast of the city. Two of HanedaÆs terminals were opened fairly recently, one in 1993 and the other in 2004. Haneda also operates merchandise and food and beverage businesses at Narita, TokyoÆs international airport, and Kansai, the Osaka airport.

Haneda Airport opened in 1931 under the name Tokyo International Airport. After Narita Airport opened...

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