Sydney (Kingsford Smith) International Airport Privatisation
Ambidji was appointed to provide specialist aviation advisory services to an international consortium that was bidding for the sale of Sydney International Airport in Australia. Our advice covered the technical and commercial aspects of airport management as well as air traffic control and aeronautical demand forecasting. The international consortium was successful in its bid for Sydney Airport.
Papua New Guinea Government – Privitisation of Air Niugini
Ambidji, in association with Deloitte Touche Tohmatsu and Allans Arthur Robinson, were appointed as aviation sector strategic advisors to the PNG Government’s Privatisation Commission for the sale of the national airline, Air Niugini.
Ambidji took direct responsibility for technical and operational due diligence on the airline; adjusting the government regulatory framework for private sector participation in civil aviation, managing the sale process and assisting other consortium members with financial due diligence. During the process, Ambidji secured the passage of new technical regulatory frameworks through government in a record time of 3 weeks. The scope of Ambidji’s participation included:
- Development and management of strategies to effect a two part sales process involving a trade sale of part of the business to a strategic investor, followed by a public float;
- Development of the sales strategy, preparation of the sales documents and assessing bids;
- Transaction design, implementing major adjustments of the regulatory framework to accommodate open market conditions, the establishment of market based community service obligations, as well as the development of open/exit regimes and value enhancement initiatives; and
- Analysis of policy and regulatory frameworks, airline performance, air travel market characteristics and industry trends.