Minister denies debt guarantee to airport

TRANSPORT Minister Noel Dempsey sparked a fresh row yesterday by denying Cork Airport claims he had guaranteed financial support if it struggled to service its debt.

Minister denies debt guarantee to airport
Sat, 12 Apr, 2008 - 01:00

The Cork Airport Authority (CAA) voted on Thursday to accept a controversial €113 million debt package to secure its independence from the Dublin Airport Authority (DAA).

The CAA said it sought and received assurances that the Government would bail the airport out if it failed to meet repayments.

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CourtsPlace: AmericaPlace: DublinPlace: Cork AirportPerson: MinisterPerson: Noel DempseyPerson: DempseyPerson: Fine GaelPerson: TDPerson: Deirdre ClunePerson: SenatorPerson: Jerry ButtimerPerson: Peter CassellsPerson: Tom O’NeillPerson: Tony O’ConnellPerson: Mary O’HalloranPerson: Sean Mac SuibhnePerson: Alf SmiddyPerson: Pat KeohanePerson: Don CullinanePerson: Humphrey MurphyPerson: Pat DaltonPerson: Loretta GlucksmanPerson: Veronica PerdissattPerson: Joe GantlyPerson: Micheál MartinPerson: John PearsonPerson: Bernard AllenPerson: Conor HealyPerson: Pat ShanahanOrganisation: Cork AirportOrganisation: Cork Airport AuthorityOrganisation: CAAOrganisation: Dublin Airport AuthorityOrganisation: DAAOrganisation: EuropeanOrganisation: DáilOrganisation: CorkOrganisation: Cork ChamberOrganisation: Shannon Airport Authority
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