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Old 12th Aug 2006, 23:43
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westcorkman
 
Join Date: Mar 2006
Location: Cork
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Assets and the Debt

Originally Posted by EI-MICK
anyone read O' learys interview when announcing the new dublin routes?? he called the governments and DAA idiots and also he couldn't understand why the DAA owns 40% of birmingham airport and 50% of dusseldorf (also the great southern hotels) and the DAA still wan't cork to foot the bill of the new terminal even though they took the assets at the break up.He wreckons by selling interests abroad up to 800M can be made.That would pay for a new terminal at dublin as well as cork.
Government are a joke if they pull this one off or maybe theyl wait and clear the debt come election time,it wouldnt suprise me,it would be some stunt.Billy Kelleher can go screw himself come election time.
Re the above just in case there is any doubt - there were advance discussions as to how best to share out the Aer Rianta International assets. - such as those mentioned by EI Mick. It wasnt that the DAA took them all, NO they were given them as the quid pro quo for taking the Cork Debt. Hence the crazyness of whats going on. Maybe someone should take the DAA to the High Court. They are simply welching on the deal and the Gov has not got the guts to take them on because there is a strong political lobby in Dublin in favour of the DAA and that Political Lobby extends across Fine Gael and also Labour. Thats why none of them down here want to get embroiled- they know that there is no party support at the central (Dublin ) level of any of the Parties. THats why every opportunity must be continuously taken to keep the debt alive as a political issue, no one of the parties will make an issue of it so the public of Cork must keep it on the agenda.
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