Airtrain Chairman Mike Pelly said the $45 million external debt agreement established with various parties in 2005, after a restructure at Airtrain, has been repaid in full. “In 2005, Airtrain forecasts indicated our debts would be repaid by 2020,” Mr Pelly said. “However, improved patronage and sound financial management at Airtrain have ensured all loan payments are now successfully completed, ten years ahead of schedule.”

“Now Airtrain is debt free it can concentrate on ensuring Airtrain sustains market share and runs profitably for the remainder of the concession period.”

“Despite the new road openings in and around Brisbane, Airtrain is still the most reliable service to ensure patrons meet their flights when travelling to Brisbane Airport.”

Airtrain is a privately owned and operated railway that is not subsidized by the Queensland Government.
Operations commenced in May 2001 with a license from Queensland Transport that allows Airtrain to build, own, operate and transfer (BOOT Scheme) the Brisbane Airport Rail Link for 35 years.
As a result, Airtrain owns 8.5 kilometres of elevated railway and two stations at Brisbane Airport.

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