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Asia Pacific / Airports
Trans-Tasman duty free safe
By Doug Newhouse, 24 August 2009
The governments of both Australia and New Zealand have confirmed that the future of their respective duty free airports' industries remains rock solid, alongside the ambitious plan to create a new trans-Tasman agreement to improve customs processing, increase air travel and invigorate both economies.
Australian Prime Minister Kevin Rudd and his New Zealand counterpart John Key agreed last week on a joint plan that ultimately aims to increase airline travel between the two countries and airlines in both countries are already making encouraging noises on how the authorities can make travel between the two countries easier, with lower fares and reduced costs for border services for passengers.
Ultimately, many airlines would like to see more direct routes established between more regional airports on both sides of the Tasman and this could prove very interesting if it comes to fruition, with both governments saying that they would like to see implementation of the new agreement by next year.
This would obviously impact on existing transfer traffic at larger airports and also offer new commercial opportunities at these smaller airports as 'international' passenger numbers grow.
But while the fine details of this plan are still being finalised, some key goals have already been fully agreed, such as New Zealand's SmartGate passenger clearance system, improvements in bag screenings and electronic passport checks. According to both governments, this should bring passenger processing times at New Zealand's airports down from around 12 to eight minutes, with an emphasis on the fast-track exiting of airports for nationals of both countries at all airports.
But while these changes could see a welcome increase in air travel and duty free sales, the bottom line aims of both governments are fundamentally economic, with a key aim being the opening up of investment opportunities. Under the agreement, Australians will see their investment capital ceiling level raised from A$100m to A$477m (from $84m to $399m) while New Zealanders will see their investment capacity potential in Australia similarly raised.
By Doug Newhouse, 24 August 2009
The governments of both Australia and New Zealand have confirmed that the future of their respective duty free airports' industries remains rock solid, alongside the ambitious plan to create a new trans-Tasman agreement to improve customs processing, increase air travel and invigorate both economies.
Australian Prime Minister Kevin Rudd and his New Zealand counterpart John Key agreed last week on a joint plan that ultimately aims to increase airline travel between the two countries and airlines in both countries are already making encouraging noises on how the authorities can make travel between the two countries easier, with lower fares and reduced costs for border services for passengers.
Ultimately, many airlines would like to see more direct routes established between more regional airports on both sides of the Tasman and this could prove very interesting if it comes to fruition, with both governments saying that they would like to see implementation of the new agreement by next year.
This would obviously impact on existing transfer traffic at larger airports and also offer new commercial opportunities at these smaller airports as 'international' passenger numbers grow.
But while the fine details of this plan are still being finalised, some key goals have already been fully agreed, such as New Zealand's SmartGate passenger clearance system, improvements in bag screenings and electronic passport checks. According to both governments, this should bring passenger processing times at New Zealand's airports down from around 12 to eight minutes, with an emphasis on the fast-track exiting of airports for nationals of both countries at all airports.
But while these changes could see a welcome increase in air travel and duty free sales, the bottom line aims of both governments are fundamentally economic, with a key aim being the opening up of investment opportunities. Under the agreement, Australians will see their investment capital ceiling level raised from A$100m to A$477m (from $84m to $399m) while New Zealanders will see their investment capacity potential in Australia similarly raised.
News related to "trans-Tasman;Australia;New Zealand"
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• Yamseng to offer new rugby merchandise (1 September 2010)
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• Australasia set for big deregulation change (17 August 2009)
• Traffic drop eases at HKIA (17 August 2009)
• Airports of Thailand falls 64% (14 August 2009)
• Nuance-Watson and Bally reopen at HKIA (20 August 2009)
• Qantas Group reports reduced profits (20 August 2009)
• NARS launches with KPIG (20 August 2009)
• North Korea reopens door (18 August 2009)
• Thailand still expecting 14m tourists in 2009 (18 August 2009)
• Changi's 'Race Of A Lifetime' (18 August 2009)
• Australasia set for big deregulation change (17 August 2009)
• Traffic drop eases at HKIA (17 August 2009)
• Airports of Thailand falls 64% (14 August 2009)
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