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Old 20th Nov 2008, 22:28
  #1394 (permalink)  
en2r
 
Join Date: Jul 2006
Location: Cork, Ireland
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The DAA had a European Investment Bank loan for €115m for Cork airport - and people here expected them to keep the Cork loan, but lose the asset that it is held against.
The assets they got from the Aer Rianta breakup were worth over €1 billion. €115 million isn't much of a hole in €1 billion.
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