In 1998 Canberra Airport Pty Limited, a Canberra based family business, purchased
the lease of the aviation facilities, land and infrastructure known as Canberra Airport,
including development rights. In the same way as other bidders and stakeholders in
the sale process, the Company was highly conscious of the rights and obligations
associated with ownership of the Airport, and accordingly, has endeavoured to
maximise both the aeronautical and commercial potential of the Airport in
accordance with its lease with the Australian Government.