DoT to review Kerry Airport's €306,000 investment loss as part of current application for regional funds       

A spokesperson for the Department of Transport said the airport had submitted information on the investment last month 'as part of this year's application for operational funding under the Regional Airports Programme'

Kerry Airport is a private company, but has so far this year received €1.2m in public grants from the Department of Transport for capital expenditure projects. File picture. 

The Department of Transport is to review a loss of almost €306,000 made by Kerry Airport on a soured market investment, but said it "is not in the business" of covering losses from poor investment or commercial decisions. 

The Irish Examiner has reported that privately-run Kerry Airport will book the loss as part of an unusual €1.5m investment it took on an investment bond, which went disastrously wrong when markets crashed at the onset of the Covid-19 crisis in March.