Mr. Willie Walsh:

Capital investment is clearly important. From an airline point of view, we always want the airport to target that investment in the areas most required to meet the demands of our customers. In the case of Dublin Airport, for example, we need more parking stands. We need direct service gates to the terminal building. We have the runway infrastructure and taxiway infrastructure in place but we now need to provide the service to customers. That is best provided by having stands available for the aircraft to park on when they arrive at the airport. Targeted investment is, therefore, important. If we look at the investment rating of the airport, it is still quite high. The last I saw, it was rated at A-, which is investment grade. Very few airlines have an investment grade rating. Despite the challenges airlines and airports went through, the capital markets continued to look at airports much more favourably than airlines. That should not be lost on people. Dublin Airport should not have any difficulty in raising the capital it requires to continue to invest sensibly and develop it as a hub airport.