The secret report on the commercial merits of the hidden, unknown sale of Queenstown Airport shares to the Auckland International Airport (AIA) initially in the year is about to hand over to Queenstown community members.

PricewaterhouseCoopers (PwC) was made use of for handing over the independent commercial advice to Queenstown Lakes District Council due to the Queenstown Airport Corporation's (QAC) $27.7 million sale of the latest shares to the Auckland International Airport earlier this year on 7th July. The sale handed over to AIA a 24.9% stake in the formerly fully council-owned firm, and a choice for AIA to increase its shareholding up to 35% at any point of time up to next year on 30th June.

The owner of Queenstown Airport, Queenstown Lakes District Council was not informed about the deal till the night prior to its finalization.

During that time, Queenstown Airport had defended the secret sale, saying that $40m was required for increasing its facilities for the next three years.

The findings of the PwC report will be talked about in a council meeting being held tomorrow, in which the council plans to make a strategy for a public consultation process for knowing the community’s views about the deal.