Oireachtas Joint and Select Committees
Tuesday, 17 June 2014
Joint Oireachtas Committee on Transport and Communications
Irish Aviation Authority: Chairperson Designate
5:40 pm
Ms Anne Nolan:
We must ask for the Minister's permission to make such investments. The Ministers for Transport, Tourism and Sport and Finance are the shareholders. We went through all of those procedures. When considering such an investment, we make an initial presentation on what it entails, conduct due diligence and provide all of the document the Minister needs, but it is for him to approve. We were delighted when he approved this investment last December.