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:
-----so we cannot just consider this in terms of airports and airlines. We have a massive ecosystem here where we were, and are, pioneers but we are definitely falling behind with testing. We will destroy this great industry and that whole supply chain if we do not mobilise in terms of testing. We have the largest low-cost carrier in Europe headquartered in Swords, and we have a really prestigious transatlantic carrier headquartered in Dublin as well. Tourism is our biggest employer and aviation feeds tourism. It used to be agriculture but tourism is now the biggest indigenous employer in Ireland. This whole supply chain is being collapsed, and it is billions and billions of euro.
Rapid testing is the first piece on the road to recovery. On the second question of cash burn, we have spoken about capex before. We need to go into the regional airports capex scheme. At Cork Airport, in operational expenditures we have burned €14 million in cash before capex this year and probably a similar amount next year.
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