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Tag Archives: Shannon Group

Shannon Group in US

A Shannon Group delegation is the United States this week attending a number of high-level political and business events to promote the wider region for inward investment and tourism. Representatives are attending events in Washington, Boston, New York and Philadelphia over the course of three days. The delegation is led by chairman Rose Hynes, who will head up the St Patrick’s Day promotion with Shannon Group chief commercial officer, Andrew Murphy and Shannon Group head of marketing, Marie Slattery. Among the high level events attended by Ms Hynes was the St Patrick’s Day Breakfast at Vice President Joe Biden’s residence, at which he singled out Shannon for special attention in his address.She also attended the New York Stock Exchange St Patrick’s Day bell ringing event with a host of Irish and US business leaders. This afternoon (Wednesday,local time Washington) will attend the official St Patrick’s Day reception with President Barak Obama in the White House. Ms Hynes said,“Vice President Joe …

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Summer departure for Neil Pakey

Neil Pakey is leaving Shannon Group next summer, after its board opted not to renew his contract and Shannon Chamber has expressed disappointment at the Scot’s departure. Chamber president Kevin Thompstone said, “Neil has not just seen the connection between the airport and the region but made and reinforced that connection. He has contributed and delivered many innovative undertakings, which have benefited the airport, the region at large and the entire western seaboard.” Mr Thompstone, who served as chief executive of Shannon Development for eight years, added, “He has a track record of delivering for Shannon and the region. Shannon’s loss of this experience will be somewhere else’s gain.” December was a month of ups and downs for Mr Pakey, as days before it was announced that he would not have his contract renewed at Shannon, he received a Limerick person of the month award. Councillor PJ Ryan, cathaoirleach of the Shannon Municipal District, said he too was very surprised …

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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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Shannon Airport in photos

A PHOTOGRAPHIC exhibition capturing some of the golden moments and world famous faces that visited Shannon Airport has just opened. Closing the curtain on a year of celebrations to mark the 70th anniversary of the first commercial transatlantic flight into Shannon, or any land-based Irish airport, some 64 images, dating from the 1950s up to now, have been placed in a permanent exhibition on the walls of the airport’s transit lounge. The exhibition, which was officially launched by Shannon Group chairman Rose Hynes, reflects the international standing of Shannon as a global aviation crossroads as it includes some of the world’s best known personalities of politics, stage, screen and sport. Famous faces and events captured in the exhibition include every US president from presidents John F Kennedy to Barack Obama; other global political and religious leaders such as Nelson Mandela, President Mikhail Gorbachev, Chinese President Xi Jinping, Cuban President Fidel Castrol, Pope John Paul II and the Dali Lama. Shannon Group CEO, …

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Hynes at the helm in Shannon

A LITTLE over three years ago, Rose Hynes was asked to chair a working group on Shannon Airport, which was having its worst year since the 1980s. She was subsequently appointed chairman of Shannon Group and has been at the helm as the new entity has made a solid start, with passenger numbers growing again after years of decline. When Shannon was under the Dublin Airport Authority (DAA) structure, there were frequent complaints that its interests were way down the list of priorities but some felt the financial protection of being part of a wider group offered a level of protection. Separation working Now, Ms Hynes believes splitting it from the wider group has been the major factor in the ending of the long decline. “I think it was a hugely positive thing that the Government took the step and set up the taskforce because, that time, the numbers were going only one way – collapsing. I think if Shannon …

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€21m to bring Free Zone into 21st Century

MANY of the buildings in Shannon Free Zone were built decades ago and are in poor shape but with €21 million to be invested in the next 24 months and more to follow, Shannon Group says it will soon be far more suited to the needs of 21st Century industry. Demolition work on some of the old stock begun this week and Shannon Group says the project will significantly strengthen the hand of development agencies in attracting major investment. The agency says the €21m first phase of the redevelopment will take place over the next two years and will support more than 250 construction-related jobs, including the redevelopment of a 12 acre site. As part of the initial phase, two projects have been planned at a combined cost of in excess of €10 million. These include a 40,000ft² Grade A office block and a 30,000ft² advance technology manufacturing unit. Work on the 12 acre site commenced with the demolition of …

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Shannon airport

Redundancies sought at Shannon

DESPITE Shannon Airport’s much vaunted recovery, Shannon Group is about to seek redundancies from staff, with talks between management and unions set to begin next week. Shannon Group is a commercial semi state, with Shannon Airport as its core and also encompassing Shannon Commercial Enterprises (formerly Shannon Development)Shannon Castle Banquets and Heritage Limited (formerly Shannon Heritage) along with the International Aviation Services Centre. In a statement to the Clare Champion on Wednesday evening Shannon Group claimed that the redundancies are required to help its competitive position. “The necessity to address the cost base of the Shannon Group business units has been known for some time. In recent times it has been referenced in the Shannon task force report and subsequent annual reports. We are exploring options to address this including a voluntary severance scheme. This will make for a more sustainable business model going forward.” No details of what terms will be offered to staff looking to depart have been …

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Shannon not into moaning or whinging

Shannon Group chairperson, Rose Hynes has launched a stinging broadside at critics who are bemoaning Shannon Airport’s dramatic growth. In what could be perceived as a swipe at Fianna Fáil leader, Michéal Martin, Ms Hynes said she focuses on earning market share every day in Shannon, instead of “moaning, whining and blaming everybody else”. Deputy Martin recently claimed in the Dáil that deals being offered by Shannon Airport to grow traffic with airlines such as Ryanair, “do not add any value to the country”. A special award for service to tourism was presented to Ms Hynes at the third annual Irish Hotels’ Federation Mid-West Fundraising Gala Ball in the Greenhills Hotel, Limerick recently. Shannon branch chairperson of the Irish Hotels’ Federation, Elaina Fitzgerald-Kane, said Ms Hynes is responsible for a “monumental turnaround” in the airport’s fortunes, which is revitalising tourism across the region. In 2013, the first full year of operation since becoming an independent entity, the airport succeeded in …

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