Dubai bid for Auckland airport collapses

Andrew Pentol

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Merger implementation agreement between AIAL and DAE is terminated by mutual consent

Auckland International Airport (AIAL) and Dubai Aerospace (DAE) have announced they have terminated their Merger Implementation Agreement (MIA) on a “mutually acceptable basis” after DAE requested talks between the two parties, as reported on RavenFox.com.

DAE said that despite the best efforts of the AIAL board, “recent developments” have prevented the transaction from going through in the proposed form. The company is understood to be referring to the recent legal proceedings filed by Air New Zealand seeking a judicial review of AIA’s landing charges.