CORK - 5

[ASU.ORK]

The 25 Runway runs through the land bank which is earmarked to be sold.

The whole vote on the report stinks to hell. How can someone who has only attended 2 meetings yes 2 meetings in 3 years make an informed decision on the report without being involved in any debate or meeting in person and cast their vote from the States.
Or how can a person obstain from voting on the most important decision in the new boards history.

Increased Charges for one of the most expensive airports in Ireland are on the way, how else is an Airport which will definately have to borrow more money over the first couple of years to cover proposed capital investment and general costs going to run.

At the end of the day ORK should be able to finance this on its own. If the Cork area wants to keep international services at a world class airport facility, which ORK is for the most part, the we are going to have to pay for it. Cork is a miserable hole of a town, filthy dirty and NOTHING of much substance to attract tourists. Everyone in Cork wants everything but few are prepared to pay for it. The place is inward looking and only thinks in the negative. Its time to stop blaming politicians and say SNN would never have put up with it, how many marches did ye organise, how many rallies on RTE 6.1? Its time to put up or shut up lads. Stop moaning and get on with it.

Brian.

Brian operations in Cork will suffer how can an Airport who's firstly losing airlines servicing the airport 7 in the last 3 years since new board in place, secondly the percentage growth has dropped from double figures 3 years ago to an expected 5-6% for this year honestly finance itself. It is estimated that the debt will cost about 4-5 million a year to service, then take depreciation, operational costs etc. and you'll be seriously struggling to keep this within an estimated profit of 14-15 million before tax etc. Loans are going to be needed to facilate the year to year running of the airport. The Financial Wizard on the Board along with the Cx() have all but admitted that loans will have to be secured to keep the airport running.

Credit must be given to the Worker Directors on the Board for there effort in trying to get the board to reject the report. And Also to Mr. Alf Smiddy for his clear and uninfluenced vote against the report. The rest of the boards decisions were influenced if not by direct political means it was done by Joe Gantly().

Yes our government has shafted the people of Cork and Munster yet again. Some level playing field as promised....