The Eastland Group
ECT is the sole shareholder of Eastland Group - a collection of businesses crucial to the Gisborne district’s economy. The Group is focussed on three sectors – energy, logistics and aviation.
Eastland Group has businesses throughout the country, including Flightline Aviation in Ardmore, North Shore and Dunedin, and Skysales Aviation in Christchurch. But their main focus is in Gisborne where they supply the region with electricity through Eastland Network, electrical services through Eastech, run the growing Eastland Port, and provide the external air link through Gisborne Airport. Eastland Infrastructure provides the management services to each of the companies within the group.
The Eastland Group is the main vehicle for providing dividend and capital note interest income to ECT. It is the Trust’s largest investment. In April 2010 the Trust subscribed to $30 million in capital notes with Eastland Group.
The trust is committed to supporting new investment initiatives within the group where the projects are commercially attractive to the trust.
Eastland Group is a strong supporter of the community through sponsorship of events, including the Eastland Port Harbour Swim and Eastland Group Harbour the Beat Jazz and Blues Festival, sporting facilities like Eastland Group Raceway, and educational opportunities through their engineering and aviation scholarships.
