04-02-2017, 01:42 PM
Of airports, vultures, bonuses and more bonuses
Thorn bird said;
"But,But Gobbles they have to service all that artificial debt somehow.
Ever wonder what Tax haven NQA use?
Herr Thorny, the profits that these hedge fund vultures make heads primarily overseas, especially with J.P Morgan, Hastings and Auckland Airport Limited in the case of Cairns and Mackay airports. The profits don't go back into the asset and they don't go back into Australians pockets, at least not unless you are the CEO and are born, bred and based here. In that case you get lots of juicy bonuses and a huge salary.
Cairns Airport Pty Ltd (CAPL) owns and manages the Cairns Airport which includes all airside and landside operations, terminals, car parking and associated land holdings. CAPL is part of the North Queensland Airports group. The consortium comprises IIF Cairns Mackay Investment Ltd (an entity advised by JP Morgan Asset Management), The Infrastructure Fund (TIF) managed by Hastings, Perron Investments and Auckland International Airport Limited (AIAL). Mackay Airport Pty Ltd (MAPL) which owns and manages Mackay Airport is also part of the North Queensland Airports group. Each entity vying for its slice of the pie - squeezing, wringing and strangling every penny out of the assets to feed its line of CEO's, Directors and Executive Managers thirst for greed and wealth.
J'P Morgan and the Jamie Diamond's of the world are not known for their generosity in contributing to airport infrastructure development such as runways, taxiways, freight facilities and other necessary operational airport needs. They just love the shopping precincts and car parks, and corporate bonuses.
Perron Investments Pty Ltd is an Australian proprietary company, which generates its income from investments in office and retail properties in Australia. Its head office is located in Western Australia.
Perron Investments Pty Ltd and its assets are privately held through various entities collectively known as The Perron Group. The national investment portfolio comprises approximately 75% retail space and 25% office space, through its infrastructure investments in shopping centres and office towers. So I don't see any investment strategy in runways, freight facilities or apron parking in that portfolio, do you? Nope, Perron = shopping precincts. Even sweeter when it's on airport land.
Auckland International Airport Limited was formed in 1988, when the New Zealand Government corporatized the management of Auckland International Airport. In 1998, the Government sold down its shareholding, and AIAL became the fifth airport company in the world to be publicly listed. Auckland Airport’s ordinary shares trade on the New Zealand Stock Exchange (NZX) and the Australian Stock Exchange (ASX). They certainly aren't shy about spending money on Auckland airport, but spend barely a dime on Cairns and Mackay airports. All they do is pillage and rape both airports of their wealth. The Kiwi's aren't as stupid as they look. Remember how ANZ gutted Ansett, another Australian asset?
The Hastings Group has it's headquarters in the Hampton's New Jersey and predominately flog insurance. They too couldn't give a fistful of crap about developing runways and airfield assets as that costs money. They prefer to support the 'strip it for all it is worth and don't spend a penny on it' methodology.
Not one of these companies is about true airport development, and I mean development of the real aeronautical type, the type that supports aviation. No they are about cost cutting, executive bonuses and car parking and shopping precincts. That is why Cairns and Mackay airports have lost two runways. GA is being allowed to be destroyed by corporate sharks. The next time a state or federal government sells one of our airports they should be made to include caveats and conditions within the sale that prevents runways being closed, GA being forced out and to find another home or sent bankrupt. The Government has a lot to answer for along with the hedge fund vultures profiteering from their airport rackets. The government flog the airports off to make a quick buck so that they can try to fix all their financial clusterfu#ks or fund pork barrel promises and buy votes close to election time.
Disgusting Capitalist greed by Wall Street oligarchs such as J.P Morgan Chase, Goldman Sachs and of course the Rockefeller and Rothschild cartels as supported by the Clintons, Bush and Obama's of this world is what is screwing the 99% of hard working human beings.
Aeroplanes at airports? What fucking Aeroplanes??
Thorn bird said;
"But,But Gobbles they have to service all that artificial debt somehow.
Ever wonder what Tax haven NQA use?
Herr Thorny, the profits that these hedge fund vultures make heads primarily overseas, especially with J.P Morgan, Hastings and Auckland Airport Limited in the case of Cairns and Mackay airports. The profits don't go back into the asset and they don't go back into Australians pockets, at least not unless you are the CEO and are born, bred and based here. In that case you get lots of juicy bonuses and a huge salary.
Cairns Airport Pty Ltd (CAPL) owns and manages the Cairns Airport which includes all airside and landside operations, terminals, car parking and associated land holdings. CAPL is part of the North Queensland Airports group. The consortium comprises IIF Cairns Mackay Investment Ltd (an entity advised by JP Morgan Asset Management), The Infrastructure Fund (TIF) managed by Hastings, Perron Investments and Auckland International Airport Limited (AIAL). Mackay Airport Pty Ltd (MAPL) which owns and manages Mackay Airport is also part of the North Queensland Airports group. Each entity vying for its slice of the pie - squeezing, wringing and strangling every penny out of the assets to feed its line of CEO's, Directors and Executive Managers thirst for greed and wealth.
J'P Morgan and the Jamie Diamond's of the world are not known for their generosity in contributing to airport infrastructure development such as runways, taxiways, freight facilities and other necessary operational airport needs. They just love the shopping precincts and car parks, and corporate bonuses.
Perron Investments Pty Ltd is an Australian proprietary company, which generates its income from investments in office and retail properties in Australia. Its head office is located in Western Australia.
Perron Investments Pty Ltd and its assets are privately held through various entities collectively known as The Perron Group. The national investment portfolio comprises approximately 75% retail space and 25% office space, through its infrastructure investments in shopping centres and office towers. So I don't see any investment strategy in runways, freight facilities or apron parking in that portfolio, do you? Nope, Perron = shopping precincts. Even sweeter when it's on airport land.
Auckland International Airport Limited was formed in 1988, when the New Zealand Government corporatized the management of Auckland International Airport. In 1998, the Government sold down its shareholding, and AIAL became the fifth airport company in the world to be publicly listed. Auckland Airport’s ordinary shares trade on the New Zealand Stock Exchange (NZX) and the Australian Stock Exchange (ASX). They certainly aren't shy about spending money on Auckland airport, but spend barely a dime on Cairns and Mackay airports. All they do is pillage and rape both airports of their wealth. The Kiwi's aren't as stupid as they look. Remember how ANZ gutted Ansett, another Australian asset?
The Hastings Group has it's headquarters in the Hampton's New Jersey and predominately flog insurance. They too couldn't give a fistful of crap about developing runways and airfield assets as that costs money. They prefer to support the 'strip it for all it is worth and don't spend a penny on it' methodology.
Not one of these companies is about true airport development, and I mean development of the real aeronautical type, the type that supports aviation. No they are about cost cutting, executive bonuses and car parking and shopping precincts. That is why Cairns and Mackay airports have lost two runways. GA is being allowed to be destroyed by corporate sharks. The next time a state or federal government sells one of our airports they should be made to include caveats and conditions within the sale that prevents runways being closed, GA being forced out and to find another home or sent bankrupt. The Government has a lot to answer for along with the hedge fund vultures profiteering from their airport rackets. The government flog the airports off to make a quick buck so that they can try to fix all their financial clusterfu#ks or fund pork barrel promises and buy votes close to election time.
Disgusting Capitalist greed by Wall Street oligarchs such as J.P Morgan Chase, Goldman Sachs and of course the Rockefeller and Rothschild cartels as supported by the Clintons, Bush and Obama's of this world is what is screwing the 99% of hard working human beings.
Aeroplanes at airports? What fucking Aeroplanes??