Seanad debates

Thursday, 21 March 2013

Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages

 

2:00 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Yes. As I understand it, there is massive growth in this area. The reconditioning of aircraft is huge business. Growth is expected to be in the region of 35% in the next ten years. Given our success in the leasing area, we see the potential for developing this industry. As I understand it, the aim is to provide facilities for SMEs involved in the repair, overhaul and dismantling of aircraft.

To answer the question, it may be a potential Team Aer Lingus on a minor scale. Even if we could get a small percentage of this business, there are jobs in the area. "Yes" is the answer to the question.

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