PMB’s own ‘financially viable airport’

2013-12-04 00:00

THE final part of the R40 million upgrade to Pietermaritzburg Airport was officially unveiled last night. At the opening of the airport’s new terminal building and apron, built at a cost of R10 million, Finance MEC Ina Cronjé said that the investment has already paid off.

Cronjé reported that as a result of the upgrades, passenger numbers had almost doubled from a monthly average of around 5 000 in 2009 to about 9 200 per month currently, with a record 10 400 passengers passing through the airport in October this year. “The net revenue of the airport has more than doubled from about R2,7 million in 2009 to R5,5 million this year,” said Cronjé. “Cash flow had increased from a deficit of R3 million in 2009 to a surplus of R1 million this year. After three years of cumulative losses, the cumulative deficit was completely wiped out in September 2013.”

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