Asset sale success stories
The success of former government-owned companies such as Qantas and Brisbane Airport here in Australia, and Canadian National Railway on an international scale, have shown us what can be achieved through private ownership.
Brisbane Airport – a local success story
Since being privatised in 1997, Brisbane Airport Corporation has experienced unprecedented growth:
- 5,000 to 16,000 employees
- predicted to be 42,000 employees by 2029
- 10 million to 19 million passengers per year
- new $350 million International Terminal built
- $4.2 billion in new infrastructure delivered over the next 20 years.
Qantas – a national success story
Since being privatised in 1995, Qantas has:
- become one of the world's most successful airlines
- expanded its aircraft fleet from 89 to 224
- increased the number of flights it operates per week from 1,900 to 6,700
- expanded its destinations from 86 to 95
- increased the number of countries it services from 24 to 38
- employed 6,700 additional employees.
Canadian National – an international success story
Since being privatised in 1995, Canadian National has:
- become one of the world's best performing rail companies
- increased its value from US$3 billion to US$29 billion
- increased earnings from US$400 million to US$2.9 billion
- increased its workforce.
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