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Tag Archives: €100 million

Pakey seeks access to €100m

SHANNON Airport needs to be able to get access to €100 million in funding to be competitive, its CEO Neil Pakey claimed at a meeting of the Oireachtas Joint Committee on Transport on Wednesday. He said the target of achieving 2.5 million passengers by 2021 is very possible. Elements of Shannon’s cost base are “very high”, he claimed and he indicated that management will have to work with the trade unions at the airport to align them with competitors. Shannon was discussed by various interests at Wednesday morning’s meeting, with Senators Martin Conway and Tony Mulcahy and Deputies Timmy Dooley and Pat Breen present, as well as representatives of SIPTU, Kevin Thompstone of Shannon Chamber and Clare county manager, Tom Coughlan, among others. In his presentation to the meeting, Mr Pakey said Shannon needs access to €100m. “We recommend that the borrowing facility limit for the group be set at €100m to allow Shannon Group to deliver on the recommendations …

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