The Government’s decision to separate Shannon Airport from the Dublin Airport Authority has been broadly welcomed, but questions remain about the move.
The airport will be freed from its €100m debt in a move to attract business and boost passenger numbers.
The airport will be merged with Shannon Development under a new entity, the business management of which will be handed to Enterprise Ireland and the IDA, while tourism in the region will be controlled by Fáilte Ireland.
It is understood IFSC-type tax incentives are being planned to turn the airport and its lands into an international aviation hub.
However, a number of key issues have to be clarified:
* What will happen to the airport’s €100m debt?
* How much debt will the new company have on its books?
* How much investment is needed for infrastructure?
* How will the airport survive without the annual €8m from the DAA?
* Who will sit on the steering group that will draw up the business plan?
* What is the future for Shannon Development and its employees?
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