Tag Archives: Shannon Group

The Committee of Public Accounts will on this Thursday meet with representatives from the Shannon Free Airport Development Company to consider its 2013 accounts. Neil Pakey, CEO of Shannon Airport and Stephen Curran of the Department of Jobs, Enterprise and Innovation will be appearing before the Committee in the afternoon. Following the announcement that Shannon Development would merge with Shannon Airport in 2012, the enterprise functions transferred to Enterprise Ireland and IDA Ireland, with the tourism functions transferring to Fá;ilte Ireland. Shannon Group plc was formally created last month.

THE ‘Shannon Bill’ passed through the Seanad this week and has been welcomed by Shannon Airport Chairman Rose Hynes. The Bill will now be presented to President Michael D Higgins for signing, leading to its enactment into law. The Bill will pave the way for the formal establishment of Shannon Group, which will combine the now independent Shannon Airport, with the property ownership and management activities of Shannon Commercial Enterprises Limited, as well as Shannon Heritage and the International Aviation Services Centre (IASC), which builds on the aviation related activities already located at the Airport and in the Free Zone area. As it passed through the Seanad on Tuesday, Shannon Senator Tony Mulcahy welcomed the new legislation and launched an attack on Fianna Fáil at the same time. “Deputy (Timmy) Dooley said we would need a €5 million bung every year for five years to keep the scheme going. This is not true and the scaremongering must come to an …

THE Cabinet on Tuesday agreed the final text of the State Airports (Shannon Group) Bill, which will finally and formally establish the Shannon Group as a legal entity incorporating Shannon Airport Authority and Shannon Development. “I am pleased to confirm that the cabinet today agreed the final text of the legislation that will give formal effect to the status of the Shannon Group,” said Deputy Kieran O’Donnell. “Once this Bill passes through the Houses of the Oireachtas, the final piece of the jigsaw for the independent Shannon Group will be in place. This is a very significant development for Limerick and the Mid-West. I expect the legislation to be published next week and to be passed through both the Dail and Seanad before the end of July. “At that point, full legal effect will have been given to the Shannon Group structure and its status will be beyond question. We are entering the final chapter of the single largest restructuring of the …