Gisborne Airport 4.76

Gisborne Airport is a regional airport on the outskirts of Gisborne on the East Coast of the North Island of New Zealand. Gisborne Airport is one of the few airports in the world that has a railway line, the Palmerston North–Gisborne Line, crossing the main runway. The airport has a single terminal with two tarmac gates.Eastland Group managementOn 16 December 2004, Gisborne District Council voted to let Eastland Group manage the airport and lease the assets from 1 April 2005. Gisborne District Council still remains owner of the assets. The lease runs for 15 years with an option to extend it for a further 15 years. Quote from Eastland Group's website Eastland Group pay's Gisborne District Council an annual rental fee indexed to passenger numbers and is accountable for all capital investment. It bears all risk associated with the airports profitability, eliminating the need for ratepayer subsidy.Since taking over, Eastland Group has created a new airport cafe 'V2', and a new airport logo.SourcesNZAIP Volume 4 AD Eastland Group website