In May 1997, Leigh Fisher Associates and Merrill Lynch New Zealand were retained by the New Zealand Treasury, the City of Auckland, and Auckland International Airport Limited to prepare a report for airport and investment bank management. The report included aviation activity forecasts, a financial analysis, and a facility development and benefit-cost analysis, with the objective of recommending future management and development options for Auckland International Airport. Leigh Fisher Associates undertook the following tasks:

• Prepared an operational review and analysis of existing and future runway requirements, including activity peaking characteristics
• Examined runway maintenance and construction options, and prepared a demand capacity and benefit-cost analysis for options to provide a second runway
• Reviewed and analyzed airline and passenger traffic trends in the Asia-Pacific region, with particular emphasis on the effect of tourism and Australasian traffic patterns
• Developed aviation activity forecasts with attention to peaking activity and fleet mix projections
• Performed long-term financial analysis and planning, accounting for projected revenue streams and the effect of facility expansion options, with emphasis on retail development issues
• Prepared a financial analysis in cooperation with investment banks to support a valuation of the Airport, integrating facility development requirements with financial planning objectives

Leigh Fisher Associates subsequently prepared aviation demand forecasts to be included in a prospectus and offering memorandum as part of an initial public offering of the government's share in Auckland International Airport Limited.

Client
Auckland International Airport Limited

Services
-Forecasting and Economics
-Financial Planning and Advisory
-Commercial and Concessions