Cork Airport’s poor European links ‘could prohibit’ future business

Cork Airport’s poor links to mainland Europe make doing business in the area prohibitive, the Irish operations managing director of a major European financial services company has said.

Seán O’Donovan of Clearstream Global Securities Services said Cork was missing out on exposure to large multi-national firms.

He was speaking at the opening of Clearstream’s office in the Cork Airport Business Park. It will be home to 300 former Citco staff who have transferred to CGSS following Clear-stream’s acquisition of Citco’s Cork business for approximately €50m.