Seanad debates

Wednesday, 14 July 2004

State Airports Bill 2004: Committee Stage.

 

11:00 am

Photo of Séamus BrennanSéamus Brennan (Dublin South, Fianna Fail)

Between Aer Rianta International and Aer Rianta, there is some €30 million to €40 million in unpaid dividends. They have the reserves to pay that amount if that course of action is taken.

This is a public limited company, and I confess the proposed legislation is complicated. However, the issues are being resolved and the best advice is being obtained. The Aer Rianta International option concerns built-up dividends which are due in any event. That is one course of action under consideration. The option of international assets is another. However, none of this has to do with our business here today. Cash realisation is a live issue and any board, or boards, would have to deal with it.

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