Mayfair 101 sights set on aviation upgrades for Far North Queensland
  • Mayfair 101

Mayfair 101 sights set on aviation upgrades for Far North Queensland

Updated: Nov 13, 2019


Australian-founded, London-based investment and corporate advisory group Mayfair 101 has begun a dialog with Cassowary Coast Regional Council for potential airdrome upgrades.


Mayfair 101 has recently purchased Dunk Island and has shared plans to invest $1.6bn over 15 years to transform the region into Australia's tourist mecca.


Managing Director James Mawhinney said accessibility would be critical to the success of the group's investment, and current airport facilities were not up to scratch. "Obviously Cairns has an international airport and quite a good one, but that's two hours' drive from Mission Beach" said Mr. Mawhinney.


"With the plans we've got by way of increasing the amount of accommodation and activities the region it makes logical sense to look at increasing the infrastructure that goes into the region by way of aviation."


He said Mayfair 101 had begun a dialogue with the Cassowary Coast Regional Council as the owner of Mundoo Aerodrome 40 minutes north of Mission Beach and Dallachy Airfield, a similar distance to the south. "Discussions are very early at this stage but we're interested to see if it makes sense to upgrade the facilities at either of those airstrips." Mr. Mawhinney said.


"The mayor (John Kremastos) has a vision for an international airport at Innisfail and, yes it would be fantasic"


"The alternative is that we might end up sourcing some land of our own and creating our own Airport". "At the very least the runway at Innisfail would need to be extended in order for commercial airlines to operate out of Mundoo Aerodrome" Mr Mawhinney said.


"We need a greater runway length so we can land some proper planes in there" he said.


"The advantage of doing this is not only will it serve the tourism market but a lot of the producers in the region and some of the mining in the region, so there's lots of economic benefit."


Although a new international airport was "not on their radar in the short term", Mr. Mawhinney said the group expected to attract plenty of visitors from the Asian region as well as Europe to the new tourist precinct.


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This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

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