News

Government Confirms Merger of Shannon Airport and Shannon Development

Government Confirms Merger of Shannon Airport and Shannon Development

The Government has decided to grant Shannon Airport full independence from Dublin Airport Authority on 31st December 31st 2012 and merge the airport with a restructured Shannon Development to form a new, publicly owned, commercial entity in 2013. The new entity will include Shannon Development’s extensive landbank and will be tasked with developing an international aviation centre of excellence.

It is claimed that the creation of 850 jobs has been secured from two Shannon-based companies, as part of plans for an International Aviation Services Centre and that these commitments depend on the separation of Shannon Airport from the DAA.

Shannon Airport

A report from the Aviation Business Development Task Force, set up by the Shannon Steering Group, also states that the Aviation Services Centre “is conservatively projected to create and maintain 3,000 – 3,500 new direct jobs within five years, not including construction jobs”.

Legislation will now be drafted to establish the new entity and will also change the name of the Dublin Airport Authority to take account of the new ownership structures. The Government plans to have this legislation enacted by the Oireachtas by the middle of next year.

The Final Report by the Shannon Aviation Business Development Task Force is available at: http://www.transport.ie/viewitem.asp?id=13687&lang=ENG&loc=432. The Final Report of the Change Management Task Force will be published in due course.

Shannon Airport has been loss-making since 2008 and passenger numbers have fallen by 60% over the past five years.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Wendy Wu Tours Showcases Wonders of Japan

Fergal McAlindenJune 18, 2019

Dave and Gillian are Winners at Iberia Event

Ian BloomfieldJune 18, 2019

TTM+ 2019 at Ocean Marina Yacht Club in Pattaya, Thailand

Michael FloodJune 18, 2019

Airbnb Launches New Adventures Product

Neil SteedmanJune 18, 2019

Aer Lingus Celebrates with Up to 20% Off Flights

Michael FloodJune 18, 2019

Children Go Free with Stena Line to Britain

Neil SteedmanJune 18, 2019

Marriott International Officially Opens Aloft Dublin City

Neil SteedmanJune 18, 2019

Hertz Launches My Hertz Weekend Car Rental Subscription Service in Italy

Neil SteedmanJune 18, 2019

Ryanair to Acquire Malta Air Operator Certificate with Purchase of Malta Air

Neil SteedmanJune 13, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland