On 31 August 2007 Bloomberg
reported that a $5.6 billion bid
announced on 23 July 2007 for
Auckland International Airport Limited (AIAL) by
Dubai Aerospace Enterprise Limited (DAE) had run into further difficulties. AIAL released a
media statement on the latest developments. The NZ Herald
reported in depth on 1 September 2007 and the Herald on Sunday of 2 September 2007 carried
commentary written by Fran O'Sullivan.
The day the proposed deal was announced the Leader of the New Zealand First Party, Rt Hon Winston Peters (who is also the Minister of Foreign Affairs) made a
media release reacting to the proposal. On 8 August 2007 the NZ Herald
reported on comments made by the Trade Minister, Phil Goff.
The 22 July 2007
Merger Implementation Agreement between DAE and AIAL has some interesting provisions relating to Tourism Growth and air services, in particular by Emirates, in an attached Co-operation Agreement (see section 4).