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Tag Archives: Shannon Group

Rose Hynes wins female leader award

SHANNON Group and Origin Enterprises chairman Rose Hynes has been chosen as one of Ireland’s most powerful female business leaders of the year at the annual WXN Women’s Executive Network awards. The awards celebrate the accomplishments of women in business in Ireland and were celebrated at the Network’s Leadership Summit and Awards Gala in Dublin on Thursday. Ms Hynes was one of four Davy Business Leaders award winners in the ‘Most Powerful Women Top 25 Award Winners for 2016’. The New Quay native, who lives in Limerick, played a central role in the separation of Shannon Airport from the State airport’s group in 2013, as she headed up the Aviation Business Development Task Force to report into the Government Steering Group on the future direction of the airport and Shannon Development. She was then appointed chairman of the Shannon Airport Authority to oversee the running of the airport as an independent entity until it became part of Shannon Group when it was …

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New CEO at Shannon Group

Manchester born Matthew Thomas has been appointed as the new chief executive for Shannon Group plc. With 20 years’ experience in the industry, Mr Thomas (43) joins the Shannon Group from the Vantage Airport Group, where he is currently chief commercial officer. Mr Thomas, who has worked with the Vantage Airport Group since 2008, has been involved in the majority of Vantage’s thirty airport projects across four continents, including nineteen significant airport transitions. As chief commercial officer, he has been responsible for leading the implementation of the group’s business development strategy, most recently in New York, where he played a leading role in winning the $4 billion redevelopment contract of the Central Terminal at La Guardia Airport, the largest public-private-partnership in the United States. Rose Hynes, chairman of Shannon Group, said “Mr Thomas brings to the role a deep knowledge of the aviation industry combined with significant commercial experience.” The Minister for Transport, Tourism and Sport, Paschal Donohoe, said,“Matthew Thomas takes over …

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€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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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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