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Sale events

Case study for students: Paraparaumu Aerodrome.

In April 1995, MOT received three tenders. The two that went beyond an initial bid were from:

  • Kapiti Avion Holdings (KAH) – a group of businesspeople that leased aerodrome land
  • Kapiti Regional Airport Limited (KRAL) – a group of air operators at the aerodrome.

KAH and KRAL were asked to resubmit their initial bids to take into account the value of surplus land. The deadline for new offers was 5 May. KAH made a new bid on 2 May and KRAL on 5 May. However, before MOT received KRAL's second bid, it had already started negotiating with KAH. A few days later, it accepted KAH's bid.