Martin Cullen (Waterford, Fianna Fail)

It is crucial from the point of view of my responsibility for future major investment being made in the airport and there is no question about it. I made the point that Shannon is not only important to the mid-west, it is crucial to Ireland. It is significant infrastructure which is under-utilised and under-performing.

I am delighted that after many difficulties a new cost-base was agreed for Shannon as it is absolutely crucial. I know it was a difficult process but I am delighted the outcome is so positive. Having its cost base corrected positions the airport to be able to compete and have an asset to sell internationally to major destinations available to it in the United States.

From a European perspective, this is a good deal. Everyone accepts it is a terrific deal for Ireland. The potential for this country is unlimited. Already, it is stated——

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