Client: City of Ballarat
State: VIC
The proposed extension of the main runway at Ballarat Airport, coupled with the development of adjacent surplus Crown land for industrial development, provided Council with the opportunity to explore options for the future Airport development, ownership, and management arrangements.
AEC and our aviation partner, Avistra, undertook a situation and market analysis of the Airport and also provided a broader analysis of the aviation sector. This work identified emerging aviation and aerospace business and broader technology & advanced manufacturing opportunities that had the potential to support a more commercial approach to the management of the Airport in the future.
Additionally, a review of the potential governance options for operating the Airport were considered including retaining ownership, establishing a special purpose vehicle, leasing, and divestment. Subsequent financial analysis and recommendations supported Council decision-making on the next steps in determining the future strategic direction for Airport operations.
Source: Shutterstock
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