Decision on airport bid 'in next couple of weeks'

David Parker

State Services Minister David Parker said today a decision would be made in the next couple of weeks on a Canadian bid to buy a stake in Auckland International Airport (AIA).

The Canada Pension Plan Investment Board has a conditional 40 per cent share of Auckland International Airport but ministers have to consider whether the purchase "will, or is likely to, assist New Zealand to maintain New Zealand control" of the airport.

Mr Parker and Associate Finance Minister Clayton Cosgrove are looking into the matter.

Mr Parker told reporters today that the decision on AIA would be made in the "next couple of weeks".

However, he did not rule out making a decision this week, which has been reported as the expected timeframe.

- NZPA