Galway Airport

kinetic

http://www.galwaynews.ie/24047-airport-anger-bank-seizes-%E2%82%AC11m-its-deposit-account
Not sure if the link worked,,,anyway what do ye think of this?

Airport anger as bank seizes €1.1m from its deposit account
February 2, 2012 - 7:00am
by Enda Cunningham
Galway Airport only has enough cash to stay open for just a matter of days, after Bank of Ireland ‘raided’ their deposit account, seizing €1.1 million.
Galway Chamber of Commerce, the majority shareholder in the airport, said the money was taken from the account last Friday, despite the airport’s accounts, loans and tax affairs being “100% compliant”.
The airport’s deposit account had €1.6m, and last Friday, the bank withdrew €1.1m, despite agreeing a business plan less than a month ago.
Of the remaining €500,000, around €450,000 is required for redundancy payments – last October 47 workers lost their jobs when Aer Arann cancelled its routes out of Galway.
That leaves just €50,000 in the coffers, which sources say will only see the airport stay open for “a couple of days or a week”.
Airport management were last night seeking legal advice on the matter.

pjmn

http://www.boards.ie/vbulletin/showthread.php?t=2056536966&page=2

... being discussed here already.

xflyer

However, Galway Airport is effectively a zombie, and it looks like BoI decided to take their money back before someone decided to spend it on something else.

Took that quote off the other thread. It's over for Galway airport as it stands right now.

But, it's not the end for an airport at Galway. There are people interested in keeping the airfield going. But it won't be scheduled services. You'll have to go to Knock or Shannon to get your Ryanair flights.

There's a serious runway at Galway. There is always someone who can make money from that.

mikemac1

A shame

I did lessons with Galway Flying Club a few years back
Friendly people and very enjoyable but of course flying is never cheap so I couldn't afford to keep going to the PPL

No idea what they plan to do now
Probably transfer to Inverin, just what I would assume what would happen

xflyer

Inverin are closed to outsiders since the crash. If Galway closes their only hope is the strip at Craughwell.

dmcg90

It'll be sad to see it go, the service from Galway to London was so convenient if a little overpriced. Cheapest bar in Galway too!

Lapin

xflyer wrote: »

..........the strip at Craughwell.

Where abouts is that ?

factual lies

the old galway to dublin road !!!!!

Cosmo Kramer

Remaining airport staff now staging a sit in protest because the cash the bank removed was to be used to pay their redundancy next month.

Head The Wall

No, there was 500k left and 450k of that was for redundancy

Lapin

xflyer wrote: »

Inverin are closed to outsiders since the crash. If Galway closes their only hope is the strip at Craughwell.

Lapin wrote: »

Where abouts is that ?

factual lies wrote: »

the old galway to dublin road !!!!!

But of course, Thanks.
Do the planes land on the street.
Is Cawley's pub used as the terminal building?
I take the village hall is the hangar and the local Topaz garage is there for refuelling !
No doubt Curley's furniture use cargo aircraft for deliveries.

Glad to see Craughwell doing well since the motorway opened.

xflyer

LOL Lapin, actually there is a airstrip near the town. It's private though. Not sure if they'd want the club there anyway.

But if it went into receivership. It could still run as an airfield. Weston in Dublin is in receivership and for sale. Looks like Galway is going the same way.

Many licensed airfields are little more than fields with a radio frequency and minimal fire cover. No tower, no terminal, no security, nothing. Not suitable for airlines but fine for a club. Galway could simply revert to that.