Australia Pacific Airports Corporation

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.^[4]

Australia Pacific Airports Corporation Limited

Company type	Private
Industry	Airports
Founded	1995[1]
Headquarters	Melbourne Airport, Victoria , Australia
Area served	Australia
Key people	Peter Hay, Chairman[2] Lorie Argus, CEO[2]
Revenue	A$1.04 billion (2018-19)[3]
Net income	A$ 390 million (2018-19)[3]
Divisions	Australia Pacific Airports (Melbourne) Pty Ltd Australia Pacific Airports (Launceston) Pty Ltd
Website	melbourneairport.com.au/corporate

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport.^[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.^[2]

The company is majority Australian owned by five Australian fund managers:^[5]

• Dexus (27.32%)
• Industry Funds Management (IFM Investors) (25.17%)
• SAS Trustee Corporation (Managed by NSW Treasury Corporation)(18.47%)
• Future Fund (20.34%)
• Utilities of Australia (Managed by HRL Morrison & Co) (8.70%)

The chief executive officer is Lorie Argus.