Oireachtas Joint and Select Committees

Thursday, 3 July 2014

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport

State Airports (Shannon Group) Bill 2014: Committee Stage

2:30 pm

Photo of Timmy DooleyTimmy Dooley (Clare, Fianna Fail) | Oireachtas source

On the basis of the Cork Airport position within the DAA, I would have thought that like any business unit within a large multiplicity of entities it would be assigned a budget on a annual basis based on its own projections and that, if necessary, it would receive the support of Dublin in the context of the considerable borrowing referred to by the Minister which has to paid down, I presume with some level of subvention from ARI which at the end of the day is the cash cow. I would have expected that it would start out at the beginning of a training period with its own budget. If management is as stated by the Minister, and I have no reason to doubt him, that type of structure would in my view necessitate an individual budget provision on an annual basis rather than a wait and see what happens at the end of the year type approach.

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