Finian McGrath (Dublin North Central, Independent)
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Question 75: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the reason she and the Industrial Development Authority did not support the proposed management buy out at a company (details supplied). [23762/09]

Mary Coughlan (Donegal South West, Fianna Fail)
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The provision of financial support to individuals or companies is a matter for which the Enterprise Agencies have direct statutory responsibility. It would not therefore be appropriate for me to comment directly on individual cases such as the one raised in the question.

In the meantime, I have kept in close touch with the developing situation at SRT, with a view to maximising employment opportunities at the plant, and following a series of contacts with both the company and Government interests in the United Arab Emirates. I am pleased to record that on Thurs 4th June, SR Technics indicated they had now in fact agreed in principle to sell the bulk of its aircraft maintenance operations at Dublin Airport to Dublin Aerospace Ltd. an Irish company. I am hopeful that this company's proposal will result in the recommencement of an MRO (Maintenance, Repair and Overhaul) business at Dublin Airport. The full support of the State development agencies has been made available to all interested parties including Dublin Aerospace Ltd with a view to providing every possible assistance.