Cork Airport Authority to discuss €100m bill

CORK Airport Authority (CAA) will officially discuss at the start of next week the €100 million bill it would face under the findings of the Cassells report on the break-up of Aer Rianta.

However, pressure is already being put on board members to reject the proposals on the basis that any debt, especially one so high, flies in the face of Government promises that CAA would break away from the Dublin Airport Authority debt-free.

The report identifies a net debt position of €20-40m to be taken on board by CAA but does so on the basis that €50-70m is generated from the sale of development land and business park interests.