Oireachtas Joint and Select Committees
Wednesday, 28 October 2020
Joint Oireachtas Committee on Transport, Tourism and Sport
Issues Affecting the Aviation Sector: Discussion (Resumed)
Mr. Dalton Philips:
We need to do a material level of ongoing maintenance in Dublin and Cork each year. Ms Considine will speak for Shannon. It is €100 million plus in Dublin just to keep the lights on. Cork is in a very severe situation and needs about €70 million of capital over the next five years, which includes a total runway reconstruction. At the moment, when we are losing €1 million per day and running out of liquidity, we will have no option but to go back to the Government. That is part of the aviation task force.
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