ADAC Mulling Global Aviation Acquisitions.Summary: ABU DHABI Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. - The Abu Dhabi Airport Company, or ADAC ADAC Allgemeiner Deutscher Automobil Club (German automobile club)ADAC Aboriginal Drug and Alcohol Council ADAC Art Directors and Artists Club (Sacramento, California) ADAC Alcohol and Drug Abuse Council , 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 meltdown Occurrence in which a huge amount of thermal energy and radiation is released as a result of an uncontrolled chain reaction in a nuclear power reactor. The chain reaction that occurs in the reactor's core must be carefully regulated by control rods, which absorb . "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 Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. . And we will take over when their prices suit us and those assets fall in line with tour strategies,'' said Dan 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 retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → 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 Copyright 2009 Khaleej Times The Khaleej Times is a daily English language newspaper published in Dubai, United Arab Emirates. It is published by Galadari Printing and Publishing L.L.C. with the Gulf News being its main competitor. . All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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