Galway Airport managers secure stay of execution for three months
At the start of February, it emerged Bank of Ireland had seized €1.1m from the airport’s deposit account to offset loans, even though repayments were fully up to date. At the time, management warned if the move was not reversed, it would no longer be able to trade as a going concern.
The board had been in the process of identifying potential buyers/ investors who could save the facility.
