Pier write-off costs Aer Rianta €7m

AER RIANTA will take a €7 million hit on the write-off of the aborted new passenger pier at Dublin Airport.

The airports' operator was told by the Transport Minister to put plans to build a new pier on hold more than a year ago because of the break-up of the company and construction of an independently-owned terminal was on the agenda. As a result, the write-off on the investment will cost Aer Rianta about €7m as the plan was scrapped.

The write-off comes as group profits fell by 44% last year due to lower earnings from Aer Rianta International, which owns and runs a number of airports and duty-free shops overseas.