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Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) IAG (12 Feb 2015)

Michael McNamara: The four flights were into Dublin and Shannon-----

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) IAG (12 Feb 2015)

Michael McNamara: What about Belfast?

Topical Issue Debate: Coastal Protection (17 Feb 2015)

Michael McNamara: I thank the Acting Chairman. I do not know where to begin after that.

Topical Issue Debate: Coastal Protection (17 Feb 2015)

Michael McNamara: It has been a little over a year now since west Clare and many parts of the west were very damaged by unprecedented storms. It seems like a lot longer but time flies when one is having fun and the reverse is also true. For the people who live there, the intervening period has not been entirely satisfactory. They have seen considerable delays in repairing a lot of the damage that was done...

Topical Issue Debate: Coastal Protection (17 Feb 2015)

Michael McNamara: I thank the Minister of State for his congratulations, but he will excuse me if I press him for further details because my fiance's family is from west Clare and she may seek specifics on the issue.

Topical Issue Debate: Coastal Protection (17 Feb 2015)

Michael McNamara: Unfortunately, this whole idea of coastal erosion is not new. While the damage caused to many parts of Ireland - Clare was not unique but, I suppose, it suffered the worst of it - was unprecedented but not entirely unpredictable. A report, Coastal Management - A Case for Action, was published by EOLAS on behalf of the county and city managers in the 1990s. A whole raft of areas requiring...

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: What additional facility in Shannon is Mr. Kavanagh talking about?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: I thank the delegations for their presentations. In a way, the presentations were much clearer than that made by Mr. Willie Walsh last week. It is clear that both Aer Lingus and IAG intend to develop a hub in Ireland. It is equally clear the hub will be based in Dublin Airport. We have two State-owned airport groups, Shannon Airport and the Dublin Airport Authority, DAA. Is it possible...

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: What does "metal-neutral basis" mean?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: Would it still not be Aer Lingus's decision to put all of its eggs in one basket? Mr. Kavanagh stated Iberia, Finnair and British Airways would sell Aer Lingus flights.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: Surely it would make more commercial sense to sell Aer Lingus flights into Dublin Airport, with a second Aer Lingus flight to, for example, Krakow. One could service what is the second largest Polish city or Warsaw from where one could fly to Chicago via Dublin.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: My question was on Shannon Airport facing competition based on economy of scale, but Mr. Kavanagh is talking about driving growth through Dublin Airport. The more growth Aer Lingus can generate at Dublin Airport, presumably the greater the economies of scale and the more money one can make. The best Mr. Kavanagh can say about Shannon Airport is that Aer Lingus is willing to maintain the...

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: There were two or three specific questions. One was the question of the two transatlantic flights, one going to the east coast and one to the west coast. Where are they going? Can I have a simple answer? Is it Dublin, Shannon, Belfast or Cork?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: To which airport are the 2015 flights going?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: Can Mr. Kavanagh answer my question about his share options?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: What is the picture specifically relating to Mr. Kavanagh's position as CEO?

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: So there will not be an option to sell shares in the event of this proposed deal going through. I am not talking about shares Mr. Kavanagh already holds. I ask whether, as CEO, he has an option to sell shares if this deal goes through.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: Is it a deal similar to that which Mr. Christoph Mueller has? It is not a confidential matter - it states in the annual report that he has 1.5 million shares.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: I am not.

Joint Oireachtas Committee on Transport and Communications: Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air (17 Feb 2015)

Michael McNamara: There were, however, incentivisation shares additional to the 1.5 million he received when he took over, bringing the figure to well in excess of 1.5 million. That is all in the annual report.

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