MinterEllison helps Auckland International Airport exit Queensland airports

The firm advised in the 12-month process that culminated in a $370m deal

MinterEllison helps Auckland International Airport exit Queensland airports

MinterEllison was lead legal adviser for Auckland International Airport Limited (AIA), which recently exited two Queensland airports.

AIA sold its 24.5% interest in Cairns Airport, Australia’s seventh-busiest airport, and Mackay Airport for $370m. Both airports are owned and operated by North Queensland Airports.

MinterEllison guided AIA in the 12-month process to sell its stake in the airports. The firm worked closely with the in-house legal and finance teams at AIA, which were led by general counsel Scott Weenink, and external advisers First NZ Capital and Credit Suisse.

Russell McVeagh senior partner Pip Greenwood provided independent legal advice to both AIA and its board of directors, supported by senior solicitor Aria Molteni-Luporini.

The deal was complicated by the joint venture agreements for the airport owners and the joint venture-banking arrangement, the firm said. MinterEllison provided both commercial and tax advice for four different transactions that needed to be documented for the deal, the firm said.

The MinterEllison team was led by Brisbane partner Gary Goldman. He was supported by partners Anthony Portas, Darren Sumich, and Tom Fletcher in Brisbane; David Moore in Canberra; and Mark Forman in Auckland.

Additional support was provided by special counsel Craig Bowie, senior associate Steven Grant, and lawyers Manisha Pannu and Sophie Qu in Brisbane, as well as senior associate Mellissa Lai in Canberra.


Recent articles & video

Law Squared named Melbourne Symphony Orchestra's international legal partner

Law Council of Australia criticizes newly passed Migration Amendment (Bridging Visa Conditions) Act

Addleshaw Goddard elects new managing partner

Global Best in Law 2023 revealed

Thomson Geer advises Accolade Wines on House of Arras sale

Recruitment for deputy presidents and senior members of new Administrative Review Tribunal begins

Most Read Articles

MinterEllison solicitor wins first Queensland Government John Monash Scholarship

Holding Redlich appoints seasoned investment funds star as new partner

Thomson Geer advises Accolade Wines on House of Arras sale

Maddocks assists CleanPeak Energy on its acquisition of three solar farms