DAE loses its cornerstone, walks away from Auckland

The “wonderful beginning” to

Dubai Aerospace Enterprise’s (DAE) airports business, as hailed by CEO,

Bob Johnson, in Jul-07 has turned into a sour ending, as DAE yesterday walked

away from a deal to acquire up to 60% of Auckland Airport. Both sides were silent

on the reason for the scuttled bid, with a joint release officially stating

that, “regrettably”, the transaction “could not proceed in

the form proposed”.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 251 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.