Dáil debates
Tuesday, 27 November 2012
Other Questions
State Airports
3:45 pm
Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source
The revenue stream goes to the Dublin Airport Authority, rather than to the region. As far as I am concerned, the Aer Rianta International jobs that are in the region will stay in the region. It has never been the case that the revenue stream goes to the region. An important detail was missing from the figures mentioned by the Deputy. As a consequence of its own investments, Aer Rianta International will have considerable capital expenses in the next couple of years, involving a capital outlay of approximately €60 million. It can only do its business when it has the big balance sheet of the Dublin Airport Authority to borrow against. If it were to remain part of the Shannon entity, it would have great difficulty finding the €60 million it will need to continue to do its own business.
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