Queenstown Airport Corporation (QAC) has secured the lease of Wanaka Airport allowing it to control the two largest airports in Central Otago.
QAC was awarded the lease by the Queenstown Lakes District Council (QLDC) during a council meeting at Lake Hawea, near Wanaka, yesterday.
Queenstown Mayor Jim Boult and council chief executive Mike Theelan were authorised to negotiate the terms of the lease with QAC.
QAC has been purchasing land adjacent to Wanaka Airport while it was trying to secure the Wanaka Airport lease.
It acquired Windermere Farm, a 43-hectare block of land next to the airport, last month, and it bought 106 hectares of land adjacent to the airport in December.
QAC already manages day-to-day operations at Wanaka Airport and the QLDC owns the land Wanaka Airport operates on. The council also owns 75% of QAC with the remainder owned by Auckland Airport.