Cork & Shannon Airports get seperate boards

dmeehan

Ms Shortall said she doubted Cork and Shannon would be able to survive alone, despite having their debts written off and transferred to Dublin as part of the deal.

She said: “I think there is a strong case for separate boards within the state company and I think there should be special marketing strategies for both of those airports.

“But ... I would have serious concerns about the ability of those companies to survive into the future.

“At the moment those airports are being carried by Dublin Airport. That is where the bulk of the traffic is.”

The whole reason for the seperate airport boards for Shannon and Cork is to increase traffic and offer a different destination to Dublin as Aer Rianta "seemed" to be only concentrating on Dublin Airport

I think this is a good move for Shannon and Cork Airports.

dmeehan

slightly related:
Ryanair aired this advert on TV3 last night. For some reason RTE refused to air it?????


Advert file (.mpg) is 7Mb. Get yourself a comfy chair! A smaller Quicktime version is also available on the Ryanair website

Schuhart

The proposed split-up of the Aer Rianta group now looks to be unfeasible. Has anything actually been achieved, apart from creating a load of sensitivities around the apparent dependency of the group finances on Dublin Airport?

http://www.sbpost.ie/post/pages/p/story.aspx-qqqid=15278-qqqx=1.asp
Shannon to lose €10m following US departure

25 June 2006 By Niamh Connolly, Political Reporter
Shannon Airport is projecting losses of €10million this year after the US military moves its stopover flights to Germany from next weekend. Politicians were warned last week that Shannon Airport’s viability was in doubt, and its separation from the Dublin Airport Authority (DAA) was unlikely to take place in the foreseeable future.

The largest carrier of US military personnel through Shannon, World Airways, will move its primary stopover for flights to Leipzig in Germany.

GaryMcGann, chairman of the DAA, told an Oireachtas committee last week that Shannon’s ‘‘significant underlying losses’’ were masked by the impact of US military traffic.

He said costs were too high and out of step with Dublin and Cork airports. McGann did not quantify the losses but said that the revenue from the US military flights was ‘‘shoring up’’ income at Shannon by between €7million and €9million a year. The Sunday Business Post has learned that when military activity is stripped out, Shannon Airport’s losses amounted to €2.25 million for January and February of this year.

The withdrawal of the Shannon stopover this November, which is expected to cost at least €4million a year in revenue, puts the airport on an even more insecure financial footing. The airport still needs money for capital expenditure on buildings, its airside ramp and runway. Maintenance costs are expected to run to €10million over the next six years.

‘‘Shannon is not viable; it’s losing money,” McGann told the committee last week. ‘‘In the last year or two, it has been supplemented in its income because of military traffic. There’s no prospect of Shannon being viable at all in the next number of years; hence no prospect of separation.”

therecklessone

dmeehan wrote:

I think this is a good move for Shannon and Cork Airports.

And a bad move for Dublin Airport and its passengers. Dublin should not have to shoulder the entire Aer Rianta group's debt.