Essendon Airport Sale Agreement 1998. Correspondence From Federal Airports Corporation Or The Then Department Of Transport & Regional Development Concerning Leasing Proposals Or Leasing Policy…

Written by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Federal Airports Corporation correspondence from July 1997 discusses leasing policy for Essendon Airport ahead of its sale. FAC sought to align Essendon's lease terms with other FAC-managed airports, proposing long-term leases up to 25 years for aviation tenants and 15 years for non-aviation organisations. FAC argued that the existing 12-month lease limitation had reduced Essendon's asset value and hindered negotiations with prospective tenants. The letter categorises existing lessees into three tables based on lease type and desired terms, contending that standardised leasing practices across FAC airports would enhance Essendon's market value during the sale process.