Auckland International Airport Limited Auckland International Airport Limited owns and operates Auckland Airport, New Zealand's largest international airport, and holds a major stake in Queenstown Airport; the company provides aeronautical services including airfield charges, terminal services and passenger facility charges; retail and car parking operations encompassing duty-free stores, specialty retail concessions, parking facilities for passengers and staff; and property leasing for cargo buildings, hangars and stand-alone investment properties on airport land. Auckland International Airport Limited generates revenue through a dual-till model separating regulated aeronautical income from non-aeronautical sources such as retail, parking and property, which account for over half of total revenue; it serves domestic and international passengers, airlines, retailers and logistics providers primarily in New Zealand with a focus on the Auckland region as the country's principal international gateway. Founded in 1988 through the corporatization of Auckland Airport and headquartered in Manukau, New Zealand, the company lists on the NZX (AIA) and ASX (AIA). Recent developments include a NZ$1.4 billion equity raise in September 2024 to fund a multi-billion aeronautical capital program through 2032, featuring airfield resiliency upgrades and enhanced connectivity; signing an NZ$800 million contract in September 2024 with Hawkins Limited, a Downer Group subsidiary, for construction of a new domestic jet terminal as part of a NZ$2.2 billion integrated terminal project underway with 1,500 workers on site; and awarding an eight-year duty-free retail contract to Lagardère effective July 2025, alongside completion of FY25 annual results showing stabilized international capacity at 92% of 2019 levels.