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Old 1st Dec 2012, 19:52
  #1361 (permalink)  
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It look's like Shannon will be separated from the DAA on the 31 December 2012.

Government to separate airport authorities - RTÉ News
 
Old 3rd Dec 2012, 15:23
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1,000 new Jobs projected

Separated by year end. ''It is understood that taskforce has received investment commitments from two businesses, based in the aviation and aircraft maintenance sector, which could bring 850 jobs to Shannon in three years and a further 150 in five years.'' Up to 1,000 new jobs expected for Shannon - RTÉ News
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Old 3rd Dec 2012, 15:38
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Congrats Shannon, and it is important to note that they will be debt free. It is outrageous that Cork have been left hanging in the wind.
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Old 3rd Dec 2012, 16:39
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It is outrageous that Cork have been left hanging in the wind.
+1.. Cork and Knock In my opinion legally have the right to sue and take legal action in Europe on the matter. Knock probably will, the DAA won't. Only hope is if Knock do take this to Europe and the EU find's it was illegal state aid it could be the best chance in years Cork has to becoming Independent. Although how many times have we come close to ''Independence''.. anyway kudos to Shannon.
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Old 3rd Dec 2012, 17:14
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That's a good point, Jack.
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Old 3rd Dec 2012, 17:55
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NOC wont take any action as they wont win and NOC couldnt afford to. DAA could take action over all the state aid NOC has recived over te last few years.

BTW passengers using Dublin should not be paying snn 100million off and people want Corks added to the list. Your lucky chaarges at Cork are not increased to pay for it.

Last edited by EI-A330-300; 3rd Dec 2012 at 17:58.
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Old 3rd Dec 2012, 17:57
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DAA will do what it's told, no chance of them even openly questioning the Shannon deal never mind taking a legal challenge. This will be in keeping with a long standing tradition in Aerlingus and Aer Rianta/DAA of never criticising Government Policy.

In any event there appears to be major disquiet about the deal at Shannon as the traffic projections may be difficult to achieve unless Ryanair expand and even then it's difficult to imagine the same rush of people flying out on City Breaks unless the economy improves.
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Old 3rd Dec 2012, 18:04
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NOC wont take any action as they wont win and NOC couldn't afford to.
Where did you pull that from? That's cr*p. We had a TD take action against the state through the EU and you're saying an airport entity cant afford it? Wake up man.

DAA could take action over all the state aid NOC has received over the last few years.
Cant help put think over €100m in debt at Cork which the previous two cabinet's promised would not be dumped on the DAA (eventually will) would be top of that pile to sue though? Oh wait it wouldn't. The DAA are a semi-state entity and you think a semi-state -v- state lawsuit is more plausible? Wake up were talking about this country in which fat cats rule with their own views don't expect any lawsuits from the DAA I wont be holding my breath.
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Old 3rd Dec 2012, 18:10
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Jack, this is Knock we're talking about. They might have the money to do it (just about) but i doubt they could justify it.
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Old 3rd Dec 2012, 18:12
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Jack, this is Knock we're talking about. They might have the money to do it (just about) but i doubt they could justify it.
Fair point, but anythings possible.
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Old 3rd Dec 2012, 18:30
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So Cork(the DAA) should sue who and they up to their eyes in debt too? Im lost, my guess is that most intersts in Cork are watching this one carefully on the fence and will decide their future when SNNs fails or succeeds.
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Old 3rd Dec 2012, 18:49
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So Cork(the DAA) should sue who and they up to their eyes in debt too? Im lost, my guess is that most interests in Cork are watching this one carefully on the fence and will decide their future when SNNs fails or succeeds.
Fully misinterpreted my point there. I was referring to the state. Cork is in debt to the DAA, the debt being attached to the state is what is being asked for, for nearly a decade now.
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Old 3rd Dec 2012, 21:16
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850 Jobs?

Anyone care to speculate on the likely new employers in the area with MoU's?

Given the numbers mentioned (850 by Year 3 + 150 by Year 5), these seem to be relatively labour intensive employers...? MRO's at the airport establishing or growing their businesses??

Cheers,

P2C
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Old 3rd Dec 2012, 23:48
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This project, I suspect, is doomed to failure. According to a report in the Business Post the whole plan is dependent on a big increase in passenger numbers. Where are they going to come from? After Wednesday's Budget there is the grim probability that even fewer people will be flying next year than this.

In any event, Aer Lingus doesn't have the fleet to make a significant or any difference. RYANAIR is the only airline with the means to deliver significant numbers but it is hard to see MOL getting involved after his comments today.

Predictably, the unions have already balloted for industrial action.

Meanwhile, Dublin and Cork passengers will be forced to pay off the DAA debts which means increased charges and higher fares, not conducive to growth.

The Minister should have gone the whole hog and got rid of the DAA entirely (and their unions) by selling off the airports to more efficient and capable airport operators and have proper competition. With a lower cost base the possibility of increased passenger numbers would, at least, exist.
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Old 4th Dec 2012, 00:16
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Meanwhile, Dublin and Cork passengers will be forced to pay off the DAA debts which means increased charges and higher fares, not conducive to growth.
Dublin passengers will be forced to pay off the debit, i'm sure Dublin will pay most of Corks debit to. Isn't Cork making a loss to or is the debit combined that resulting in the loss.

RYANAIR is the only airline with the means to deliver significant numbers but it is hard to see MOL getting involved after his comments today
If MOL could get one up on the DAA he would go into SNN.

Last edited by Jamie2k9; 4th Dec 2012 at 00:17.
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Old 4th Dec 2012, 06:40
  #1376 (permalink)  
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Cork is losing money due to the terminal debt. Ryanair could cause havoc if they switch their business to Shannon. They're on full charges for almost all of their routes although they have the benefit of a much bigger catchment area.
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Old 4th Dec 2012, 11:42
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If MOL could get one up on the DAA he would go into SNN.
..., take up routes based on discounted fees from the Airport, possibly make a few quid while the discounts are in place and up sticks and go again once full fees are charged. It has already been shown that the additional routes Ryanair could bring were not sustainable during the boom, why does anyone think they would be sustainable now?

Surely Shannon Airport wouldn't be stupid enough to let MOL run rings around them again? And if they're not, then where are all these passengers going to come from? And when they don't come, who will be left to pick up the tab?

It will of course eventually be picked up by the Irish taxpayer yet again.
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Old 4th Dec 2012, 23:23
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Guys the term "half pregnant" comes to mind now for Shannon , still state owned and public sector controlled with unions etc and yet independent from now the other two state owned independent DAA airports !
Now Shannon will not alone have to be concerned about NOC and KIR taking business from them but I'm sure the DAA will take delight in making sure life is as difficult as possible for them for having the neck to demand they leave the cosy DAA monopoly. It's an Irish solution to an Irish problem , half baked , no details , aspirational and pushed through by a naive but arrogant Minister and agree the tax payer will be picking up the cost in the future.
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Old 5th Dec 2012, 05:25
  #1379 (permalink)  
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It's definitely a radical move. Then again various Irish Ports are in competition with each other under state ownership and it works reasonably well.
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Old 12th Dec 2012, 17:22
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Transaero

Anybody any news on Transaero using Shannon as a stopover ?
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