Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.

[4] APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998.

Launceston City Council owns the remaining 10% of Launceston Airport.

[1] Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.

[2] The company is majority Australian owned by five Australian fund managers:[5] The chief executive officer is Lorie Argus.