Wellington International Airport, which is co-owned by Infratil and Wellington City Council, denies it’s extracting excessive profits and says the Commerce Commission has used a flawed model in assessing the transport hub’s returns. easy ways to make money The airport’s effective rate of return is 8.1 percent, within the regulator’s tolerance and has cheaper passenger landing charges than Auckland and …

Shares in telecommunications network operator Chorus jumped 12 percent after Communications Minister Amy Adams shunted out threatened price controls until the end of 2015 in a reprieve for the taxpayer-subsidised investors in the national fibre network. spy app for android The stock climbed to $3.20 in early trading on the NZX on turnover of $3.2 million from $2.86, recovering much …

Wellington International Airport, which is co-owned by Infratil and Wellington City Council, is extracting excessive profits by targeting higher returns than it should, according to the Commerce Commission. The transport hub is likely to recover between $38 million and $69 million more than it needs to for a reasonable return between 2012 and 2017, the antitrust regulator said in a …