The
Dublin Airport Authority (DAA) has argued that a 40pc hike in passenger charges set before Christmas by the Aviation Regulator isn't high enough to allow it to operate in a "sustainable and financially viable manner".
Dublin airport authority says 40pc hike in fees 'not enough' - Irish, Business - Independent.ie
Interesting this bit ... (emphasis added)
Documents released yesterday by the
Commission for Aviation Regulation (CAR) that detail the recent findings of an Aviation Appeals Panel, reveal that
the DAA maintained that the new charges would not raise its funds from operation-to-debt ratio to an investment-grade ratio until 2012.
Maybe they're considering issuing more bonds to raise capital in the future.
Dublin Airport Authority announces successful ?600 million benchmark Eurobond issue Or they could develop a business model that attracts more aircraft and passengers to improve their ratio, rather than just running a mediocre shopping centre with air links.
JAS