On 8 July 2010, Auckland International Airport Limited, the operator of Auckland Airport, announced it had entered into an agreement to take a 24.99% shareholding in Queenstown Airport Corporation Limited and formed a strategic alliance between the two airports.
Auckland Airport has an option to increase its shareholding in Queenstown Airport to 30-35% at any time up to 30 June 2011, subject to the approval of the Queenstown Lakes District Council.