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Tag Archives: Matthew Thomas

Shannon Group highlight post Brexit connectivity

SHANNON Group, which operates Shannon Airport, is calling on Government to support it in safeguarding EU connectivity for the Mid-West and Western regions in a post Brexit environment. Shannon Airport currently has UK hub connectivity through London Heathrow, which will continue to be hugely important connectivity going forward. But in a Brexit situation, as the UK exits the European Union, the airport will then be without connectivity into an EU hub. Commenting on the issue, Matthew Thomas, CEO, Shannon Group said: “European hub connectivity is vital for our tourism and business customers in the Mid-West, and Western regions. It provides the air access needed to grow tourism numbers, to conduct business and attract FDI investment from Europe and is now more important than ever in the context of Brexit. “While European connectivity is currently serviced through the London Heathrow hub, the reality is that in a post Brexit situation, the West of Ireland will be without this critical EU connectivity. …

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Year round service to New York JFK

Aer Lingus has announced that its Shannon / New York JFK service will operate year-round in 2019. Shannon is set to operate it largest Transatlantic service in 17 years with eight transatlantic services operated by six different carriers across seven destinations from Shannon in 2018. Matthew Thomas, Shannon Group CEO said, “We are delighted that Aer Lingus will be operating a New York / Shannon service year-round in 2019. With 40% of US foreign direct investment in Ireland within Shannon’s catchment area, this is great news for our business community, and makes our region much more attractive for future US FDI.” Andrew Murphy, managing director, Shannon Airport said, “We welcome the decision by Aer Lingus to restore it year-round New York service, which will benefit the business community and leisure travellers who will have more options to avail of onward connections to over 90 destinations at the JFK airport, JetBlue’s largest hub airport.” Describing the Shannon / New York JFK …

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Shannon caught in a tailspin

SHANNON Airport is set to record a decrease in its number of passengers this year, unless there is a late improvement. Figures for the first three-quarters of 2017 show the number of passengers was 5.2% less than for the first three-quarters of 2016. It is a disappointing state of affairs, almost five years after its separation from the Dublin Airport Authority. According to the CSO statistics, 1,257,996 passengers were handled by Shannon in the first nine months of the year. This was almost 70,000 below the figure of 1,327,313 for the same period of 2016. It was also lower than the 1,297,080 that travelled through the airport in the first nine months of 2015. When Shannon was separated from Dublin, its business plan was to have 2.3 million passengers per annum in 2017, a figure the airport is very far away from achieving. The decline in passenger numbers at Shannon is in marked contrast to the other airports for which …

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Shannon CEO hits out at government aviation policy

The chief executive of the Shannon Group has hit out at the Government’s aviation policy, which is facilitating the dominance of Dublin Airport. Addressing members of Clare County Council at their November meeting, Shannon Group CEO Matthew Thomas said that aviation policy in Ireland is leading towards the country having only a single airport, in Dublin. Mr Thomas provided figures that showed Dublin Airport had increased its market share from 72% in 2005 to 87% this year and was increasing its dominance at an incredibly fast pace. He said that, despite the growing market across the island, Shannon Airport’s share had fallen from 5.4% to 5.1% since it achieved independence from the Dublin Airport Authority (DAA). Nonetheless, the airport had managed to increase passenger numbers by 25%. The Shannon Group was seeking to change the “very immature” Government policy with regards to airports, he said. “The Irish aviation policy was only written a few years ago and this makes it …

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€15m Shannon runway resurfacing completed ahead of schedule

Shannon Airport and Lagan Asphalt Group have announced the completion of a €15 million resurfacing project on Ireland’s longest runway, eight weeks ahead of schedule. Work commenced in May, including the full rehabilitation of 2,400 metres of runway surface, the replacement of runway edge and centre line lighting with energy efficient LED lighting, ducing and other associated works. A team of 90 people and 70 vehicles worked on the runway at night to avoid disrupting flights. The project is part of a €15m investment programme and was financed through a loan secured from the Ireland Strategic Investment Fund. Matthew Thomas, CEO of Shannon Group said, “The runway is the main artery of Shannon Airport and has been one of the most important pieces of infrastructure in the region since its construction in 1961. It provides a crucial link to the global community and has facilitated the growth of Irish tourism and business in the region for over 55 years.” He …

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A good year for Shannon Group

Shannon Group plc recorded another positive year of trading in 2016, as turnover hit €67.2 million, up by over 2% on 2015.  In its second full year of trading, the group, the parent company of Shannon Airport, Shannon Commercial Properties and Shannon Heritage, recorded EBITDA of €7.6 million, reflecting a solid performance and a 10% increase on 2015. Announcing his first annual results as CEO of Shannon Group, Matthew Thomas said that a continuation of the company’s improving financial performance is necessary to enable it to undertake critical investments across its business units. “The Shannon Group has a unique mix of complementary businesses that, more than any other commercial entity in the region, gives it the potential to positively influence economic development. Sixteen companies who announced new or expanded operations in 2016 in the Mid-West, which was the fastest growing region outside of Dublin last year, cited the global connectivity at Shannon Airport as a key influencer in their decision to …

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New investment forecast for Clare

OVER the last decade, Clare has received very little Foreign Direct Investment (FDI), but that is likely to change in the next two years, according to Shannon Group CEO, Matthew Thomas. Mr Thomas, who was appointed in May, said there is now plenty of interest in investing in the Mid West, with results likely to be seen in 2017 and 2018. At the launch of the upgraded Bunratty Castle and Folk Park, Mr Thomas noted, “In my short time as CEO, there have been some very exciting enquiries. It is an uncertain world we are living in with Brexit and global political events at the moment. People are a bit nervous but we would be very hopeful that there is more FDI coming, if not in 2017, in 2018.” While Shannon Group has a large property portfolio right across the Mid West, the Free Zone is its top priority for now. “I think our immediate focus is on developing the …

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New Lufthansa Frankfurt-Shannon service

Shannon Airport is set to get its first ever scheduled Lufthansa air service next summer when the airline introduces a new Shannon to Frankfurt route. The service will operate weekly on Saturday’s from April 29 to October 28 using an A319 aircraft. Welcoming the announcement Matthew Thomas, Chief Executive, Shannon Group said, “We are delighted to welcome Lufthansa to Shannon with their first scheduled service. This is a significant milestone for our airport and region by one of the world’s major airlines. “Germany is Ireland’s third-largest source of visitors and the addition of this new Frankfurt Main service is great news for the Irish tourism industry along the west coast and beyond as Shannon Airport will provide German holidaymakers with a gateway to the heart of the Wild Atlantic Way and Irish holidaymakers with an opportunity to explore a wonderful part of Germany. We look forward to working with the team at Lufthansa and our Irish Tourism industry partners to …

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