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Tag Archives: shannon

€7.3m profit for Shannon Group

SHANNON Group made a profit of just under €7.3 million last year. The Group encompasses Shannon Airport, Shannon Commercial Properties, Shannon Heritage and Shannon IASC. Its accounts show that it had total fixed and current assets of €147.5 million and total equity of €120.2 million. There were liabilities of €27.3 million. The accounts show that aeronautical and commercial activities were responsible for €37.76 million in revenue, commercial property rental, management and development for €14.22 million and tourism activities for €13.57 million. Shannon Group saw depreciation of just under €4 million in 2015. Wages and salaries for the year came to €28 million while there were social welfare costs of €2.46 million. On average Shannon Group employed 481 staff during the year. Four hundred and two were in operations and administration, 48 in commercial activities and 31 in property. Remuneration for the then Shannon Group Chief Executive Officer Neil Pakey came to €255,676 in 2015. Commenting on the Shannon Group results, …

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Flight Diverts to Shannon over Disruptive Passenger

An Austrian Airlines plane diverted to Shannon Airport this Thursday (April 21) and a disruptive passenger was removed from the flight. It is understood the man, who is 29 years of age, was intoxicated on board the flight which was travelling from Vienna to New York. The plane landed in Shannon at 1.10pm on Thursday and the passenger was taken from the flight. A senior garda confirmed that the passenger had consumed a significant amount of alcohol and was refused more alcohol on the flight. “He then became aggressive and difficult to the staff. They had to move a number of passengers away from his area. Obviously the disruption was so severe that the captain diverted the plane, he wanted him removed from the flight as he felt it was unsafe to continue with him on board,” the garda spokesperson said. The man is understood to be from Albania originally but has been living in the United States for 25 years …

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MEPs to meet Shannon Estuary group

Seán Kelly MEP, is hosting a visit by a European Parliament delegation to the Mid-West this week. MEPs will meet company representatives from Shannon LNG and Shannon Foynes Port tomorrow (Thursday). The MEPs belonging to the Committee on Industry, Research and Energy are on a fact-finding mission to learn about the local innovations and research in the area of technology and energy. Speaking ahead of the high-profile visit, Mr Kelly, the leader of the Fine Gael delegation in the European Parliament, said: “I look forward to welcoming the group of cross-party MEPs from all various member states, where we will enjoy a busy agenda meeting and learning from technology and energy experts locally. “After meeting with local business and technology experts and university researchers and students, we will hold a briefing with Shannon LNG and Shannon Foynes Port Company representatives. “The European Commission recently cited Shannon LNG as a strategic gas source for Europe, as we work towards a more secure …

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Shannon man threats chain protest

ONE Shannnon man has vowed he will chain himself to gates at the site of the proposed crematorium at Illaunnamanagh to stop machinery getting in to start work. Pat Madden says he is utterly determined to prevent the crematorium going ahead at the current location, which he says is very inappropriate. “I’m only speaking for myself here now, my colleagues and I have to debate it, but I am prepared to chain myself to the gate. Should it proceed a bit farther, there is another option open to me,” he said. While he didn’t go into detail on what other options he might be considering, he added, “I’m prepared to take very, very extensive measures, but that’s not a threat of violence or anything like that.” However, he indicated that his own personal safety might be at risk. Even if the crematorium were built, he said he would be moved to protest when funerals began. “If it is finished, the …

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Shannon support for single fathers

SHANNON Family Resource Centre (SFRC) is hosting a new support group for fathers who are living apart from their children. A spokesperson for SFRC said, “It’s just two weeks old, it’s very new. It came from the community, a request was made here. A couple of fathers were talking to each other, looking for a space where they could share information and offer support to each other. That’s how the idea came about – local lads met and they are still meeting.” Speaking about the issues that are being dealt with in the group, the spokesperson explained, “Basically, the fathers are not with the mothers of the children and it’s been about custody and things like that. It’s really a group for dads, who feel they don’t have a voice particularly around shared care.” As time goes by, the group will go in the direction that those involved want it to. “It has to be what they want in a …

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Water flow through Parteen Weir constant

The flow of water through Parteen Weir will remain at 230 cubic metres per second today (Tuesday) and the situation will be reviewed again tomorrow. This level of water flow will continue to have associated flooding to land and property in the vicinity of the Shannon downstream of Parteen Weir including the areas of Springfield, Montpelier, Castleconnell, Mountshannon (Annacotty) and the University of Limerick. Note that other areas between Parteen Weir and Limerick may also be vulnerable to flooding due to local issues. ESB is continuing to monitor the situation and is liaising with the relevant County Councils.

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Gardai investigating following Shannon emergency landing

SHANNON Gardai are investigating following the emergency landing of a Turkish airlines flight at the airport, which was en route from Houston to Istanbul. Its being reported that a piece of paper with the word bomb written on it was found in one of the toilets. The flight landed at around 11am this morning and all on board were taken from the aircraft, which was parked in an isolated part of the airport. Last November a New York-Istanbul Turkish Airlines flight was the subject of a bomb hoax, while there was another such incident affecting a Turkish flight from Istanbul to Basel in April.  

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Shannon Group not renewing Pakey contract

SHANNON Group CEO Neil Pakey will not have his contract renewed when it expires next June, it was announced on Tuesday. While Shannon Airport has returned to growth since separation from the Dublin Airport Authority in 2013, this year the increase in passenger numbers is set to be relatively minor, in the order of 4%. Shannon will only reach about two-thirds of the 2021 target of having 2.5million passengers. Indeed, a target of 2.3m passengers by 2017 is very unlikely to be met. It has also lost a handful of routes in recent times, while competing airports have had more positive developments. There is shock in some quarters that Mr Pakey’s contract is not being renewed, as Shannon Group (which also includes Shannon Commercial Properties and Shannon Heritage) has frequently expressed satisfaction with the progress made during his tenure. On Tuesday afternoon, Clare TD Timmy Dooley said the decision by the board of Shannon Group raises a number of serious …

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