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Statements

Subject Item
dbr:Federal_Airports_Corporation
rdf:type
yago:SocialGroup107950920 yago:Company108058098 yago:Group100031264 dbo:Company yago:Abstraction100002137 yago:WikicatDefunctGovernment-ownedCompaniesOfAustralia yago:Organization108008335 yago:Institution108053576 yago:YagoPermanentlyLocatedEntity yago:YagoLegalActor yago:YagoLegalActorGeo
rdfs:label
Federal Airports Corporation
rdfs:comment
The Federal Airports Corporation (FAC) was a business enterprise of the Government of Australia responsible for the operation of major passenger airports in Australia. It was established by the Hawke Labor Government by an Act of Parliament in 1987 and commenced operation in January 1988. At present the primary responsibility of the Airports Branch of the Department of Infrastructure and Regional Development is the regulation of 21 leased federal airports on Commonwealth land. The Branch administers the Airports Act 1996, its associated regulations and the airport head leases.
dcterms:subject
dbc:Airport_operators dbc:Australian_companies_established_in_1987 dbc:Aviation_in_Australia dbc:Transport_companies_disestablished_in_1999 dbc:Transport_companies_established_in_1987 dbc:Defunct_government-owned_companies_of_Australia dbc:Australian_companies_disestablished_in_1999
dbo:wikiPageID
19491513
dbo:wikiPageRevisionID
1059741680
dbo:wikiPageWikiLink
dbc:Defunct_government-owned_companies_of_Australia dbr:Sydney_Airport dbc:Airport_operators dbr:Australia_Pacific_Airports_Corporation_Limited dbc:Australian_companies_established_in_1987 dbc:Transport_companies_disestablished_in_1999 dbr:Perth_Airport dbr:Australia dbc:Aviation_in_Australia dbr:Keating_Government dbr:Launceston_City_Council dbr:Launceston_Airport dbr:Department_of_Infrastructure_and_Regional_Development dbr:Government_of_Australia dbr:Brisbane_Airport dbr:Sydney_Airport_Corporation dbr:Hawke_Government dbr:Privatisation dbr:A$ dbc:Transport_companies_established_in_1987 dbr:Howard_Government dbc:Australian_companies_disestablished_in_1999 dbr:List_of_airports_in_Australia dbr:Brisbane_Airport_Corporation
owl:sameAs
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dbt:Use_Australian_English dbt:Use_dmy_dates dbt:Reflist
dbo:abstract
The Federal Airports Corporation (FAC) was a business enterprise of the Government of Australia responsible for the operation of major passenger airports in Australia. It was established by the Hawke Labor Government by an Act of Parliament in 1987 and commenced operation in January 1988. Discussion of the privatisation of airport operation in Australia commenced in the early 1990s. In April 1994, the Keating Labor Government announced that all airports operated by FAC would be privatised in several phases. Melbourne Airport, for example, was to be included in the first phase. A firm decision was made in 1996 by the Howard Coalition Government that each airport would be leased to an individual operator for 50 years, with an option for a 49-year extension. Airport divestment was initiated in 1997 with the leasing of Melbourne, Brisbane and Perth Airports, followed by Adelaide, Canberra and Gold Coast Airports, the remaining smaller airports in 1998, Sydney Airport in 2002, and the Sydney Basin Airports of Bankstown, Camden and Hoxton Park in 2003. At the beginning of 1997 the FAC operated 22 airports and handled over 60 million passenger annually. Melbourne Airport was leased to a newly formed Australia Pacific Airports Corporation Limited for A$1.307 billion, with the transfer being completed on 30 June 1997. Brisbane Airport was lease for $1.4 billion to Brisbane Airport Corporation. Australia Pacific Airports Corporation Limited also obtained a 90% stake in Launceston Airport for A$18.8 million on 29 May 1998, with the Launceston City Council owning the remaining 10%. Perth Airport was leased to Westralia Airports Corporation Pty Ltd (now Perth Airport Pty Limited) in 1997. By 30 June 1998 all significant assets and liabilities of the FAC were transferred to the new airport lessee companies. The FAC continued airport operations until 24 September 1998 and the transfer of residual assets and liabilities to the Commonwealth of Australia was not completed until 8 September 1999. Sydney Airport Corporation acquired the lease for Sydney Airport in 2002. At present the primary responsibility of the Airports Branch of the Department of Infrastructure and Regional Development is the regulation of 21 leased federal airports on Commonwealth land. The Branch administers the Airports Act 1996, its associated regulations and the airport head leases.
gold:hypernym
dbr:Enterprise
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5788
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wikipedia-en:Federal_Airports_Corporation