1 June 2021
MEDIA RELEASE
Coffs Harbour Airport transferred under long term lease to Palisade Investment Partners
Coffs Harbour Airport operations have now transferred to Palisade Investment Partners, under a long term lease agreement with Coffs Harbour Council.
The 50-year lease (with a 49-year option) begins today and sees incoming General Manager for Coffs Harbour Airport, Frank Mondello, take the reins.
Palisade also confirmed that Coffs Harbour Airport would be supported by a newly established management group, Agilis Airports, which would also oversee Sunshine Coast Airport.
The Agilis Airports team has a track record in Australia and overseas, including experience with Heathrow, Sydney, Brisbane, Christchurch, Gold Coast, Darwin and Sunshine Coast airports. Agilis Airports is headed up by Andrew Brodie, who retains his role as CEO of Sunshine Coast Airport.
Coffs Harbour Airport will be overseen by a board chaired by aviation industry stalwart, Dennis Chant.
General Manager of Coffs Harbour Airport, Frank Mondello, said the Coffs Harbour region had an exciting future, and the Airport had an important role in helping it reach its potential.
“The opportunities for the Coffs Coast region are significant with a stunning natural environment, fantastic lifestyle and enviable geographic location on Australia’s east coast,” Mr Mondello said.
“Over the last few months, we have been working closely with the existing Coffs Harbour Airport team and the Coffs Harbour City Council to add more destinations, airlines and frequencies and to ensure a smooth transition of airport operations.
“I’m looking forward to working closely with the tourism industry, local businesses and the broader community to ensure we make the most of the opportunities for the Airport to deliver benefits to the region.”
Investment Director, Palisade Investment Partners, Mike Reynolds, said Coffs Harbour was set to benefit from a significant pipeline of investment, such as the $1.8 billion bypass project and the $194 million Coffs Harbour Hospital Campus Expansion.
“The Coffs Coast region one of the fastest growing regional areas within New South Wales and the Airport presents an exciting opportunity not only for the Coffs community, but also for Palisade investors,” Mr Reynolds said.
“We look forward to working with Coffs Harbour City Council and the broader region to grow the Airport through aviation capacity and diversifying revenue with the development of the Airport Enterprise Park.”
Media contact: Ayllie White, Agilis Airports, 0408 058 263
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