The report, released today has found the current pricing regime meant there was nothing stopping the airport from making "excessive profits".Sue Begg also goes on to say the commission believed 7.1%-8% was an acceptable return however WIAL is expecting a return of 12.3% to 15.2% over the next 5 years.
"We have found that the information disclosure regime is effectively promoting innovation, quality and pricing efficiency by the airport," Commerce Commission deputy chairwoman Sue Begg said.
WIAL, owned by Wellington City Council and investment company Infratil, is currently challenging the commissions report and methodologies in the High Court.
On a complete side note it is interesting to see that despite the fact both news organisations got correct pictures of WIAL, they are both of one off events and not common everyday shots of the airport. The NZ Herald depicts an RNZAF B757 sitting outside 'the rock' terminal, possibly at its offical opening in 2010, while the stuff.co.nz article depicts a Qantas A333 sitting at the terminal.
Read more from stuff.co.nz HERE or from nzherald.co.nz HERE