Owners Selling Queensland’s Hinterland Aviation

The owners of Cairns-based Hinterland Aviation have put the scheduled passenger and charter airline on the market, according to the Australian Financial Review.

Peter and John Christoudias, who founded the regional airline in 1984, have engaged advisory firm William Buck to manage the sale and seek expressions of interest. The brothers cite succession planning as the reason for the sale.

The sales flyer notes that Hinterland Aviation generated AUD 31 million in revenue in the most recent financial year, carrying over 100,000 passengers on approximately 16,000 flights.

Operating from bases in Cairns (CNS), Horn Island (HID), and Townsville (TSV), the airline serves 20 airports across Far North Queensland. Following Skytrans’ withdrawal of its Cessna 208B Caravan services in the Torres Strait, Hinterland has increased its inter-island flight frequencies in the region.

The fleet comprises thirteen 10-seat Cessna 208B Grand Caravans, with two 19-seat Cessna 408 SkyCouriers on order. The airline owns its aircraft, as well as supporting infrastructure including two flight simulators. The assets are valued at over AUD 50 million.

According to William Buck, the business offers significant advantages for buyers, including high barriers to entry, pricing power, and growing regional demand. The retreat of competitors such as Skytrans and QantasLink has further strengthened Hinterland’s position.

Growth opportunities identified in the sales pitch include expanding the airline’s network, freight and charter operations, and pursuing acquisitions. The flyer also highlights strong local support for the airline.

“Regional routes in Far North Queensland have historically faced inconsistent service,” the flyer states. “In contrast, Hinterland Aviation has earned the trust of these communities by delivering safe, reliable, and consistent operations.”

Initial expressions of interest are due by close of business on July 3, 2025.

Photo: Aero South Pacific