The 1988 facilities included: a domestic terminal; state-of-the-art maintenance facilities; freight apron at the existing passenger terminal; a 3500-metre and 1700 metre runways[REF]) with parallel taxiway systems (cater for Code F+ aircraft); access roads; parking facilities and a tall Air traffic control tower.
In 1997, as part of the privatisation of numerous Australian airports, the airport was acquired for $1.4 billion from the Federal Airports Corporation by Brisbane Airport Corporation (BAC) under a 50-year lease (with an option to renew for a further 49 years).