AirServices Australia only has certain budget. Someone higher up (Federal Government) actually needs to provide more funding and provide directives on reducing SYD capacity ......
Air services Australia ASA is actually a self funded Govt Business Entity.
As I said before, its revenue come from industry user charges - airport fees etc
.Its capital comes from debt markets - it borrows commercially using the Comm Govt credit rating and its position as a GBE which 100% owned by the Comm govt. At the same time, any proposed increase in user charges are reviewed and approved by ACCC because they are effectively a monopoly.
At times there may be extraordinary Govt capital injection -eg pandemic assistance, and regional Airservices infrastructure improvements.
.i wonder if this is one of those situations which require extraordinary Comm Govt capital injection or alternatively deferring any planned dividend.
By the way there is a massive project called
OneSky delivered by Thales - funded by ASA 57% out of industry user charges and Dept of Defence 43% . It was $1.2 B but now balloned out to $4B. OneSky is supposed to amalgamate the civilian and military airspace, modernise the related infrastructure, and transform Air traffic management over 11% of the worlds airspace.
How much is ASA revenue is soaked up with this?
I would not want the Comm Govt or a Minister who really does not know anything about anything, to be telling ASA how to do its job. Put some extra capital in and get out of the way,