I think the Axis attempting an attack without any nearby bases would be just pure suicide.
While the fortress was vulnerable to an attack from Spain, it would be near impregnable to an air/amphip assault, considering the British naval strength.
VB, you can't point to Eban Emal as an example, because it was mainly a huge oversight of the Belgians that allowed it to happen. That's like saying "Capturing bridges was easy in WWII" and then point to Remagen as an example. If the Belgians had even 2 or 3 machine gun crews on the roof it would have been a totally different matter. A vigorous defence in wartime is a world different from a surprise attack against an unsuspecting/ neutral power.
I think you have to look at the contemporary operations for examples.
1. US para drop on St Mere Eglise
2. German para drop on Crete
3. Canadian amphib assault on a defended port.
In every case that I can think of, paratroops dropping directly on an alert, defended target took very heavy casualties, and failed the objective.
1.) The US para's dropping on D Day took huge casualties, and it was only the forces that arrived OFF-SITE that were able to re-group and push the Germans out of the town.
The early landings, at about 0140 directly on the town, resulted in heavy casualties for the paratroopers. Some buildings in town were on fire that night, and they illuminated the sky, making easy targets of the descending men.
2. On Crete, the German troops landing directly on top of the airfield were massacred, it was only the paras that landed off site that were able to function, pushing the Allies off of the airfield
At 8:00 am on 20 May, German paratroopers landed near Maleme airfield and the town of Chania. The 21st, 22nd, and 23rd New Zealand Battalions defended Maleme airfield and its direct surrounding area. The Germans suffered heavy casualties within the first hours of the invasion. One company of the III Battalion, 1st Assault Regiment, lost 112 killed out of 126; 400 of the battalion's 600 men were killed before the end of the first day.
Of the initial forces, the majority were mauled by New Zealand forces defending the airfield and Greek forces near Chania. Many of the gliders following the paratroops were hit by mortar fire within seconds of landing. Those who did land were wiped out almost to a man by the New Zealand and Greek defenders.
3.) As for an amphib landing, consider the disaster suffered by the Axis on Crete, and a similar heavy defeat at Dieppe for the Canadians.
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The difference between Crete Gibraltar:
1.) Both had about 25,000 - 30,000 active defenders, but on Crete they were protecting a huge territory, at Gibraltar concentrated.
2.) After the retreat from Greece, the Allies had lost most of their heavy weapons, and all of their transport. On Gibraltar there was a huge arsenal of all kinds of guns, and a tunnel network (complete with trucks) to move troops around.
3.) On Crete they were very short of AA, having just a single battery of light AA for the whole island, while on Gibraltar there over 80 AA positions.
4.) On Crete the defenders of the airfield did not have the advantage of the elevated positions on Gibraltar.
5.) Most of Gibraltar is a very steep slope unsuited for para landings, otherwise the paras landing risk falling in the sea, or onto the runway
6.) Crete was assaulted with the help of over 1,000 Axis aircraft, yet Gibraltar is out of range except for very long-range bombers
Some more pics of Gibraltar:
A. From Spain, looking south across the runway
B. The Spanish town (La Linea) that borders Gibraltar
C. The East (Seaward side)
D. The view from O'Hara's mount ( 9.2" gun mount)
E. WWII AA mount