Good lad gaelgeoir. It's about time someone else understood what actually happened to Shannon's debt. Shannon did in effect barter by giving away €20-30m p.a. profits from ARI which effectively meant that the DAA was not absorbing any of Shannon's debt. It was a trade off that did not cost the Irish tax payer a cent.
It is also worthwhile to take into account that over the years the DAA has as a group boasted about its figures whilst stating Shannon airport & Cork we're loosing money.
ARI was a company created by Shannon airport and generated 100's of millions of profits over the years and the DAA also solely benefited in recent years from the sale of assets in the ARI portfolio.
Cork need to be innovative at the end of the day.