Ruairí Ó Murchú (Louth, Sinn Fein) | Oireachtas source

In those circumstances, it would not be wild to state that demanding up to 30% of projected turnover in a bond is absolutely unfair and uncalled for. I agree with the Chairman that there is a lacuna here. There is a failure to regulate or control this. We should invite in the merchant service providers but we probably need to examine where regulation is necessary. We all failed when we were considering the Air Navigation and Transport Bill 2020, which will change the nature of how CAR is going to operate. The regulatory parts, in any event, are going to become part of the IAA.

Ms Mannion has made her case in regard to that. We have put on the table that the merchant service providers are being utterly unfair and that we need to find a means of dealing with that and asking them the direct questions. What is the timeline, as Ms Mannion sees it, and what changes does she foresee in regard to aviation regulation as this new legislation is put into operation? What is her view on it? Beyond that, is there scope for new regulation that could deal with this?