Auckland International Airport (AKL) announced on September 16, 2024, that it will carry out an equity raise of US$862 million to build a new domestic jet terminal. 

The building will be the first new terminal constructed at Auckland Airport in almost 50 years after years of consultation with major airline customers. 

The planned terminal project, which is part of a wider airfield improvement plan forecasted to cost around NZ$2.2bn (US $1.49bn), will include a new building next to the airfield, along with baggage systems and related facilities, said Carrie Hurihanganui, Chief Executive Officer of Auckland Airport. 

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