By
API magazine
on
October 1, 2020
Category:
News
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In March 2020, Auckland International Airport Ltd, the airport operator, scrapped its interim dividend and said its CEO, Adrian Littlewood, would take a 20% cut in salary along with other cost-cutting measures, including a hiring freeze and a halt to discretionary spending. The company also said that it had secured covenant waivers from its lenders and extended all its bank facilities due to mature before 31 December 2021. It expects capital expenditure of about NZD 275 million between April 2020 and December 2021.