Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

1:25 pm

Mr. Ray O'Driscoll:

My recollection is a significant portion of the rent is paid by a small number of tenants. In the main, the tenants are high quality ones who pay their bills. A large proportion of the rental income is from between 50 and 70 high quality tenants. We do not have many issues with rent collection from the high quality tenants. There are more problems the lower down the scale one goes. We have a credit committee and frequent credit meetings. We go through the legal process where required and we interact and engage with the tenants to see whether we can work with them and come up with an agreement and strategy to help them work through their problems.

Comments

No comments

Log in or join to post a public comment.