BAC acquired Brisbane Airport from the Federal Government under a 50 year lease (with an option to renew for a further 49 years) for $1.4 billion in 1997. Since that time, BAC has assumed ultimate responsibility for the operations of Brisbane Airport including all airport infrastructure investment with no government funding.
BAC is a proud, private, non-listed Queensland company, helping employ thousands of Queenslanders and creating economic opportunities for the State and city of Brisbane.
Shareholders are major Australian and international organisations and significant institutional investors. Approximately 80 per cent of BAC shareholders are Australian ‘mums and dads’ with their savings invested in superannuation and other funds.
In the 2011/12 FY the airport registered a record of more than 21 million passengers through its terminals, a figure that equates to a year-on-year growth of approximately 4.6 per cent.
To meet with the growing demand, BAC is funding over $2.5 billion worth of infrastructure over the next 10 years, including a new parallel runway, new multi-level car park and walkway facilities, road terminal expansions, road upgrades and a number of new commercial buildings.
More than 20,000 people currently work at the airport precinct every day with this number expected to exceed 50,000 by 2029, the size of a regional town. Already there are over 420 businesses servicing a diverse range of industries, within which tens of thousands are either directly or indirectly reliant on airport activity as a source of employment.
Progressively, BAC is maintaining its vision for Brisbane Airport to be world best and the preferred choice for passengers, airlines, business and the community.
Through this, BAC has created a prosperous airport business community within a sustainable environment; developing Brisbane Airport as a premier gateway airport and a major multimodal transport hub, promoting and evolving Brisbane Airport’s role as a major economic engine for the Greater Brisbane region and achieving growth and development by balancing economic benefits and environmental impacts.
At the heart of our operations, BAC values building collaborative relationships, being proactive and innovative, acting with integrity and commitment, and providing service excellence.
BAC's ultimate shareholders are:
- Citicorp Nominees Pty Limited as Custodian of the Trustee of the CFS Global Diversified Infrastructure Fund
- Citicorp Nominees Pty Limited as Custodian of the Trustee of the Colonial First State Airport Fund
- Citicorp Nominees Pty Limited as Custodian for the Trustee for Commonwealth Bank Group Super
- Colonial First State Private Capital Pty Limited
- Gateway Investments Corporation Pty Ltd
- J.P. Morgan Nominees Australia Ltd as Nominee of the Custodian of the Trustee of IFM Infrastructure Funds
- Motor Trades Association of Australia Superannuation Fund Pty Ltd as Trustee of the MTAA Superannuation Fund
- National Asset Management Limited as Trustee for the Brisbane Airport Trust
- QIC Infrastructure Management Pty Ltd as Trustee for the QIC Brisbane Airport Infrastructure Trust
- Schiphol Australia Pty Ltd