Tag Archives: Shannon Airrport

“THE greatest con job of all time” is how Liam Skelly describes the decision to leave Aer Rianta International (ARI) with the Dublin Airport Authority (DAA) as part of the process that preceded Shannon becoming an independent airport. A Tipperary man domiciled in Scariff, the former airport director says Shannon, and indeed Cork, were plundered with hundreds of millions going unfairly to the capital, even leaving aside what happened with ARI. “According to EU and Irish accounting law if you want to separate a bit of your business from the main business, the main business must have indistribuble assets, which is money, of what has been taken away. The Minister said we’re taking Shannon away first, the asset value of Shannon is 70 million so Aer Rianta must be left with 70 million in cash. How do you get that? You sell assets, other assets. As regards Cork, because there was a new terminal, they said Cork’s asset value was …

Transport Minister, Paschal Donohoe has announced the commencement of a major review of the system for regulating airport charges in Ireland. This proved to be a bone of contention for Shannon Airport, where Ryanair’s Michael O’Leary pulled the plug when there was no budge on charges but returned immediately when granted the concession he demanded. Following a procurement process, which attracted bids from a number of Irish and international consultancy firms, Indecon International Economic Consultants have been awarded the contract to conduct the review, which will commence immediately and be completed before the end of the year. The review will involve full consultation with impacted stakeholders and will deliver options and recommendations for the future of airport charges in Ireland. The Minister said he considers it appropriate and timely to carry out a comprehensive review of the airport charges regulatory regime at this time. The current system for regulating airport charges has been in place since 2001. It is intended …