Lord Ashcroft choked up presenting a Bomber Command squadron leader with his Second World War medals, saving them from being auctioned off.
The British business man this morning gave Tauranga veteran Les Munro the medals, his flying log book and other memorabilia at a ceremony in Motat.
As he prepared to hand them over, Lord Ashcroft said ; "I'm sorry if I found a little emotional. I'm a hard hearted businessman but this is my passion."
Read more: Dambuster Les Munro to present medals to Motat
Mr Munro then presented the medals and memorabilia to Motat where they will be housed.
Mr Munro, 95, the last surviving Dambuster pilot, had planned to sell the medals to raise money for the upkeep of London's Bomber Command Memorial.