DAA: Cork Airport must accept €100m debt to go independent

GOVERNMENT plans to establish three independent airports were plunged into a fresh crisis last night after Cork Airport’s board was told it cannot achieve independence unless it accepts a €100 million debt.

The board of Cork Airport Authority (CAA) has called an emergency meeting, which could take place as early as Monday, to discuss the latest development in the four-year saga.

It was confirmed last night the chairman of Dublin Airport Authority (DAA), Gary McGann, wrote to the CAA chairman Joe Gantly on November 26 insisting the CAA take responsibility for e100m of the e220m debt incurred as part of its redevelopment costs.