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ADAC Mulling Global Aviation Acquisitions

ABU DHABI - The Abu Dhabi Airport Company, or ADAC, is considering the possibilities of acquiring aviation assets in other parts of the world in the wake of the fall in their prices following the global financial meltdown.

“We are seriously monitoring the situation, we know that the prices of several aviation assets in different parts of the globe are falling because of the global downturn. And we will take over when their prices suit us and those assets fall in line with tour strategies,’’ saidDan Cappell, Vice-President of Non-Aeronautical Revenue and Business Development of ADAC.

“But our present focus is on development of ADAC facilities in Abu Dhabi and we will go in for acquisition only after completing this mission,’’ he said.

Cappell said ADAC was expecting a nine per cent growth in passenger flow this year despite the current global downturn. The expansion plans of Etihad and the possibilities of six more airlines starting operations in Abu Dhabi are some of the factors contributing to this expected growth.

The airport had registered 32 per cent growth in the last year, and the airport’s retail outlets recorded a revenue of $120 million last year and was expected to grow by nine per cent this year. However, this will depend on the passenger flow, Cappell said.

ramavarman@khaleejtimes.ae