Dáil debates

Tuesday, 13 October 2015

Financial Resolution No. 2: Capital Allowances

 

7:35 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

This is about the construction of hangars for repair, maintenance, overhaul and dismantling of aircraft. It is therefore about job creation and attracting skilled people to work there. The limit is €5 million per project. A small hangar could cost €1 million, while a double or triple hangar could cost €10 million or more. The €5 million reflects the limit set out in legislation. It is the maximum amount the EU would permit under the de minimisrule, which could apply under state aid relief. That is set out clearly in the legislation.

On Deputy Ó Snodaigh's point about private individuals, it would not make sense at all for a private individual to invest in a facility for his or her own use. It is much cheaper to pay for maintenance supplied by a centre of excellence, particularly where really skilled people would have to be employed to carry out that maintenance. This is not something that can be done by an apprentice mechanic. It has to be done by really skilled workers.

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