PPRuNe Forums - View Single Post - CORK - 5
Thread: CORK - 5
View Single Post
Old 13th Feb 2008, 16:20
  #781 (permalink)  
en2r
 
Join Date: Jul 2006
Location: Cork, Ireland
Posts: 730
Likes: 0
Received 0 Likes on 0 Posts
Dempsey warns over Cork airport debt

From the RTE website
Minister for Transport Noel Dempsey has warned that he may have to re-consider separating Cork Airport from the Dublin Airport Authority unless the row over Cork's €220m debt is solved.
Minister Dempsey has appointed former ICTU General Secretary Peter Cassells to mediate between the Cork Airport Authority and the DAA, and he has given the parties a month to settle their differences.
And he warned that if the parties fail to agree a solution in that time, he will review the policy of creating an independent airport company for Cork and he will bring alternative proposals to Cabinet.
The debt has been a major issue since the Cork Airport Authority was established in August 2004.
The debt is central to the break-up of Dublin, Cork and Shannon Airports and the establishment of the three as independent, competing, commercial entities.
Cork claims it was promised that it would begin its commercial life debt-free, but the DAA is equally adamant that it will not pick up the tab either and that it will not engage with Cork unless it agrees to pay at least €100m of the debt.
en2r is offline