No they will have a debt of 113,000,000 to service
Cassels put a whitewash on it , to show that they can keep their own land and sell it off, incidentally its not zoned for any development . Cork County Council is curentky working on a local area plan for the Airport and its environs.
The Loan originally came from the European Investment Bank and so its a good deal interest wise, so good that Cassels says that its just like having to pay back for 100,000,000 rather than the ful whack. He missed a career as a conjuror
Peter Cassells also sugested that DAA wil also contribute 10 million towards pensions - a liability which they would have historically in any event and in fact it could be higher.
The full Cassells report can be downloaded from here
http://www.transport.ie/viewitem.asp...g=ENG&loc=2260
If this happened at Shannon Guys - TDS would be lying down on the runways.