Leo Varadkar (Dublin West, Fine Gael)
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Question 127: To ask the Tánaiste and Minister for Enterprise, Trade and Employment her progress in finding a new buyer for a company (details supplied); and if she will make a statement on the matter. [16636/09]

Mary Coughlan (Donegal South West, Fianna Fail)
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Since the company announced its plans to close its Dublin operations, IDA Ireland and I have had numerous meetings with the company to express my concern regarding the effect the closure will have on the economy of North Dublin and the effect of the loss of 1135 highly skilled jobs on the Irish aviation sector.

IDA Ireland and Enterprise Ireland established a team to market the operation internationally through their overseas office network and have held discussions with over 15 companies to encourage them to put forward investment proposals to take over all or part of the operation. Following receipt of proposals, a full evaluation will take place and each proposal will be considered on its merits and long-term viability.

The company has indicated that it has received up to 30 expressions of interest in parts of the operation and has stated that any approach or proposal would be considered in detail and evaluated in full on its merits and potential long term benefit.

At this stage, SR Technics has received 5 bids from interested parties for parts of the business and are currently assessing these bids. Following the assessment process, SR Technics will select a successful bidder. In tandem with this process the agencies are in discussions with the interested parties on an ongoing basis to assess the viability of the bids so as to be in a position to offer appropriate support to the successful bidders to maximize the level of sustainable employment in the resulting operations.