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. David McGarry:

We are a very prudently managed organisation. We take such a view because we are starting out as a new group. It is a transition for the entire range of companies that form part of the new Shannon group. We are quite prudent and we will be prudent in our borrowing. In due course, once we build up our profitability in the airport and Shannon Heritage and as the rents grow and we can economise and be efficient in our costs, we would look to borrow prudently in line with the Shannon Act for reinvestment and job growth.

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