Cork airport will only be ‘viable’ with €60m debt

CORK Airport can only afford to carry a maximum debt of €60 million, according to a new report.

Consultants hired by the Cork Airport Authority (CAA) to examine the airport’s financial situation have prepared a detailed report that says it can only be viable as an independent entity with a debt level of between €50m and €60m.

This is up to €40m less than the €100m debt figure suggested in a report on the airport’s financial health commissioned by the Dublin Airport Authority (DAA) last year.