Overseas investment decision for case 200710031 - CTC Aviation Training (NZ) Limited

To acquire:

1. an interest in land which, either alone or together with any associated land of that type, exceeds 0.4 hectares and is or includes land subject to a heritage order, or a requirement for a heritage order, under the Resource Management Act 1991 or by the Historic Places Trust under the Historic Places Act 1993; and
2. an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area; and
3. an interest in land which, either alone or together with any associated land, exceeds 0.4 hectares and adjoins land over 0.4 hectares that is subject to a heritage order, or a requirement for a heritage order, under the Resource Management Act 1991 or by the Historic Places Trust under the Historic Places Act 1993.

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

CTC Aviation Training (NZ) Limited (CTC NZ) undertakes aviation training operations located at a purpose built training centre at Hamilton Airport. This training centre comprises a ground school, flight operations and flight simulator facility, and includes an exclusive aircraft parking ramp and taxiway and a maintenance hangar. The acquisition of the land will enable the CTC NZ to expand the accommodation facilities at the Hamilton Airport training centre.

The proposal is likely to result in the following benefits:

1. the creation of new job opportunities;
2. enhanced domestic services; and
3. the introduction of additional investment for development purposes.