Airport authority rules out sale of assets to fund passenger terminal
The DAA plans to spend €609 million building a terminal and other upgrades to the existing facilities in the next three years.
Declan Collier, chief executive of the DAA, said that increasing passenger charges by 3 over the next 10 years was the only way to fund the expansion. He told the Irish Examiner yesterday the DAA’s assets, which include stakes in Birmingham, Hamburg and Dusseldorf airports and duty free shops worldwide, would not be sold. Last week, the DAA sold off the Great Southern Hotel chain for €265m.
