Transport Minister commented on this yesterday saying Aer Riantas viability was at stake if it lost the DAA backing...
The DAA’s overseas duty-free arm, Aer Rianta International, which made €35 million profits last year, will remain with the authority, the Minister said.
He pointed out that the duty-free company’s plans mean it would have to spend €60 million in the next couple of years.
“It can only do that, it can only do its business when it has the big balance sheet of the DAA to borrow against,” he said.
Shannon Airport will have its debt to the DAA written off.
Mr Varadkar pointed that if the airport authority was also to lose Aer Rianta International then that could threaten its viability.
Irish Times