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. Niall MacCarthy:
We are very active with all our Ministers, Deputies and Senators, including meeting the Taoiseach. We have engaged with the Minister of State with responsibility for aviation, Deputy Naughton, and the Minister, Deputy Ryan, through the DAA and directly. We are very pleased with the €5 million capital allocation, but our ask is united. The committee has heard that from every airline and airport. We have to get our act together on pre-departure testing.
Smaller airports will need financial, capital and regional supports. Airports and airlines traditionally spend their time disagreeing and in conflict, but the industry is united. It is on its knees and has had various announcements. Ms Considine adverted to Ryanair announcing further cuts in the past few days. If we do not get pre-departure testing soon, there will be very little aviation infrastructure available to return to.
We will need financial, capital and operational supports. We have €5 million in capital support and a substantial capital programme to get through in Cork, totalling €70 million over the next number of years. We built a new terminal in 2005 and have not really invested in capital since then because it was not needed, but the airport now needs a lot of airside infrastructure. This year we will lose in excess of €40 million in operating profits and €20 million after depreciation. We will need support. I hope that answered Deputy Smith's question.
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