Debt u-turn could cripple air authority

When the Government announced the break up of Aer Rianta in 2003, then Transport Minister Seamus Brennan promised the airport authorities in Shannon and Cork would start independent operations debt-free.

Debt u-turn could cripple air authority

But now it seems the Government is reneging on the promise and trying to saddle Cork Airport Authority with half the debt for its new €160 million terminal.

The terminal has been badly needed for years and on the basis of the Government’s promise it was constructed. It is due to open on May 10.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited