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AMP investors wrest control of Pahari's GIF funds

AMP investors wrest control of Pahari's GIF funds
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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Fees down, governance up as AMP Capital defends CommIF

Fees down, governance up as AMP Capital defends CommIF
Jul 14, 2021 – 11.40am
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AMP Capital is slashing management fees in its Community Infrastructure Fund to match an offer from competing management suitor Plenary Group and installing further governance controls at the $1.4 billion vehicle.
AMP Capital will cut management fees by up to 32 per cent over the next 12 months, moderating to an up to 15 per cent reduction after the special one-year discount applies, in a bid to retain the Community Infrastructure Fund (CommIF) that is the subject of three competing takeover offers.
AMP Capital is fighting to retain the $1.4 billion Community Infrastructure Fund. ....

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Future of jet flights to be fuelled by airport upgrade

The upgrades meant the airport could cater to larger, Boeing 787 Dreamliner and Airbus A350 planes which weigh up to 220 tonnes fully-loaded.
But Mr Ullman said the future of Code E aircraft travel at the facility was now in the hands of Sunshine Coast Airport, which had to upgrade a fuel main to enable refuelling of larger aircraft.
The project itself, the contractor completed the fuel main installation, testing and the pressure testing and commissioning of that fuel main, even though it will now be mothballed, Mr Ullman told councillors on Thursday.
It needs to connect to something that s a little greater in capacity than the existing fuel farm, to the extent that the fuel main that s been installed in a 235mm fuel main and it s only a 150mm fuel main coming out of the fuel farm facility. ....

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Qantas to Launch Coffs Direct to Melbourne and Brisbane in Massive Injection of Seats to Region

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Qantas to Launch Coffs Direct to Melbourne and Brisbane in Massive Injection of Seats to Region
Qantas will launch direct flights to Coffs Harbour from Melbourne and Brisbane as well as increase the aircraft size on one of its daily Sydney services from 1 April, just in time for the Easter holidays.
The major capacity boost coincides with the expected start of the lease of Coffs Harbour Airport from Coffs Harbour Council to Palisade Investment Partners.
The services include:
Up to seven weekly services between Coffs Harbour and Melbourne, operated by a 110 seat Boeing 717;
Four weekly services between Coffs Harbour and Brisbane, operated by a 74 seat Dash 8 Q400; and ....

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Direct flights to Melbourne are making a comeback

A year on since Tigerair controversially pulled its services, the region will again have a direct flight to Melbourne. ....

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