Auckland Airport reached an agreement to purchase a 24.6% stake in North Queensland Airports, which runs Cairns Airport and Mackay Airport, for A$132.8 million ($117.3 million). AKL Chairman Tony Frankham called the acquisition a "significant milestone. . .for our strategy to grow beyond our core business." Cairns is Australia's seventh-busiest airport and handled 3.7 million passengers in the 12 months ended June 30, 2009. Mackay welcomed nearly 1 million and AKL 13 ...

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