Newcastle Airport, Australia, Purchases Land for Astra Aerolab

Newcastle Airport in New South Wales, Australia, (IATA: NTL) this week took a big step toward the development of its Astra Aerolab Business Technology Park when it exercised its option to purchase 76ha of land adjacent to the airport.
Newcastle Airport CEO, Dr Peter Cock, commented: “This milestone is an important part of our journey to be the airport the region deserves. It brings us closer to realising Newcastle Airport as a regional hub for aviation activities including new defence and aerospace-related manufacturing, maintenance and research.
“Purchasing this land and developing Astra Aerolab was strongly supported by our shareholders, the City of Newcastle and Port Stephens Council, and demonstrates their commitment to develop and invest in the region’s future. Astra will provide the Hunter region with global connectivity for trade, tourism and jobs.”
In September 2018, NSW Deputy Premier, John Barilaro MP, announced the award of a $11.7 million grant to kick-off the development of Astra Aerolab to capitalise on the existing economic strengths of the region, the land purchase means progress on the site can begin as early as next month.