Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I thank the Minister, Deputy Donohoe, for being present in the House for this matter. As we speak, discussions are ongoing between IAG and the Aer Lingus board in regard to a possible third bid. In that context, it is vital the Heathrow slots, particularly in terms of regional development at Shannon and Cork, are protected. The stakes are extremely high for Limerick and the mid-west, where connectivity is vital. We have an enormous amount of foreign direct investment companies along the mid-west and western seaboard. Shannon Airport is the only airport along the western seaboard with Heathrow slots.

In terms of the critical importance of the Heathrow slots, in 2007 Aer Lingus had its Shannon slots relocated to Belfast. This heralded a period of downturn for Shannon. Since the restoration of those slots to Shannon the airport has recovered. Following the independence of Shannon, provided for by this Government, it has been a success. It is important that success is not jeopardised.

In regard to NewERA, which is part of the National Treasury Management Agency, and is designated with providing advice to Government on its shareholding in Aer Lingus, what direction has the Minister and Government given to NewERA in terms of its assessment of any proposal, particularly in the context of protecting the strategic interests of the Heathrow slots for Ireland Inc.? We are an island nation. We must have connectivity. The key focus in Article 10 of the Articles of Association is protection of the Heathrow slots. As a representative for Limerick and the region concerned I believe it is vital that the Heathrow slots be preserved. They are vital for the future of the region and, I would contend, the future of Ireland Inc..

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