Martin Cullen (Waterford, Fianna Fail)

The transfer of assets to Shannon and Cork airport authorities could not have taken place earlier than April of this year. For the company to distribute its assets, it must have the cash reserves to match the distributive value of those assets. The early indications were that Shannon Airport would be dealt with first and that it might take some time to deal with Cork Airport. However, it is absolutely clear that Cork, Shannon and Dublin airports will have to be viable on foot of the business plans. There is no point in proceeding if they cannot be made viable.

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