The Airtrain service is a private enterprise. The line is owned and operated by
Airtrain Citylink Limited, with financial backing from
Transfield Services,
Macquarie Bank,
Colonial First State and
ABN AMRO. The first service ran on 5 May 2001. Airtrain Citylink has a licence from
Queensland Transport under a
BOOT scheme – build, own, operate and transfer – to build the rail line, to own and operate it, and hand entire infrastructure over to the
Queensland Government after 35 years when the company will then cease to exist. The line connects seamlessly with the Queensland Rail City network and services use City network
rolling stock in a commercial agreement with QR. While City network rolling stock is used, Airtrain does not form part of the
Translink integrated
public transport scheme, and therefore fares are not subsidised by the government. As a result, travel between the airport and City network stations in the
Brisbane central business district costs $19.80 one way and $37.60 return (as of December 2022; cheaper on-line). Travel on Airtrain services between ordinary City network stations, not involving airport travel, is charged at the normal Translink rate, including concession (pensioner) rates. In 2008, Brisbane's Airtrain ran an operating profit of $4.8 million, allowing Airtrain to pay dividends of $1.95 to its shareholders. Airtain is not subsidised by the Queensland Government, and its $220 million construction cost was entirely privately financed. This makes it one of a few known profitable public transport systems. In late 2012, UK pension fund Universities Superannuation Scheme bought Airtrain for . In 2024, the Queensland Government announced half-price tickets to Brisbane Airport for a 6-month period after negotiating a temporary subsidy deal with Airtrain. ==Patronage==