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 can get up and running in a matter of days, we just need the planning exemption. On liquidity, the Cork Airport situation is acute. Dublin Airport's situation is slightly different whereby we are using up all our capital reserves that we had put aside and apportioned for infrastructure development to help fuel Dublin's economy, and I would argue Ireland's economy. All the money that was reserved for infrastructure is now being depleted on operating costs because we are losing €1 million a day. The challenge there is that we will need new infrastructure to bounce back out from Covid and Brexit. That money is being wasted, or being used up, keeping the airport alive, so to speak. We have shared all this with the Government.

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