Seanad debates
Wednesday, 14 July 2004
State Airports Bill 2004: Committee Stage.
11:00 am
Séamus Brennan (Dublin South, Fianna Fail)
I am referring to international assets. Companies often make decisions about whether to sell assets, such as aeroplanes, and buy more buses, or to use €100 million to buy rolling stock, aircraft, jetties or terminals instead of locking the money in a site. These are sensible decisions. That is why investments are made. I favour maximum flexibility. Ancillary incomes are there for when State companies require funds, not for building empires. We debated this in regard to CIE for years. As to whether €50 million should be used for bus services or left because the money may be needed at some stage for a garage, I am not getting into that debate now. However, these are important discussions.
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