Auckland International Airport said it would seek to raise up to $860 million to upgrade facilities built some 60 years ago.

Auckland International Airport (OTCPK:AUKNY) (OTCPK:ACKDF) on Monday said it plans to raise as much as 1.4 billion New Zealand dollars (US$862 million) to help modernize its facilities. The airport also signed a contract with construction company Hawkins,

Passengers heading to their international flight at Auckland Airport will see changes in the check-in section starting today. Within the next few years, around 100 existing check-in counters will be phased out and replaced by self-service kiosks.

Institutional investor appetite for participation in Auckland International Airport’s just-announced $1.4 billion capital raise has been high, but the New Zealand Shareholders Association believes the company should’ve employed more of a pro-rata entitlement offer structure.

Auckland Airport in New Zealand has signed a contract for approximately NZ$800m (US$495m) with Downer Group subsidiary Hawkins to manage the construction and delivery of the airport’s domestic jet ter

Auckland Airport in New Zealand has entered into an NZ$800m ($496.73m) contract with Hawkins, a subsidiary of Downer Group, for the construction and delivery of a new domestic jet terminal building.

Auckland International Airport has opened its non-underwritten retail offer of up to $200 million, part of its $1.4 billion equity raise announced on September 16. The institutional bookbuild part of the offer closed on Tuesday fully subscribed at $6.95 a share, to raise $1.2b. Eligible existing