Michelle Mulherin (Mayo, Fine Gael)
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To ask the Minister for Jobs, Enterprise and Innovation the amount of rental income accrued for each of the past five years form the properties in the ownership of Shannon Development which are to be transferred to the new company to be formed with Shannon Airport [56962/12]

Richard Bruton (Dublin North Central, Fine Gael)
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The total rental income accrued from properties in the ownership of Shannon Development and its subsidiaries for the past five years is as follows:

The recent Government announcement on the future of Shannon Airport and Shannon Development confirmed the Government’s earlier decision in principle to merge both organisations to form a new, State owned, commercial entity which will exploit the assets of both organisations for the development of strategic sectoral opportunities, particularly within the aviation sector, including the creation of an international aviation centre of excellence at Shannon Airport. In accordance with this decision, Shannon Development’s land bank will transfer to this new entity.

Michelle Mulherin (Mayo, Fine Gael)
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To ask the Minister for Jobs, Enterprise and Innovation the number of staff members, if any, from Shannon Development that will be moved to the new company being set up to run Shannon Airport. [56963/12]

Richard Bruton (Dublin North Central, Fine Gael)
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The recent Government announcement on the future of Shannon Airport and Shannon Development confirmed the Government’s earlier decision in principle to merge both organisations to form a new, State owned, commercial entity which will exploit the assets of both organisations for the development of strategic sectoral opportunities, particularly within the aviation sector. In arriving at its decision, the Government agreed that Shannon Development’s land bank would transfer to the new entity and that the enterprise and tourism functions of Shannon Development would transfer to IDA, Enterprise Ireland and Fáilte Ireland.

It is the Government’s intention that, as we move to establish the new entity in 2013, staff in Shannon Development will transfer to the new entity, IDA, Enterprise Ireland and Fáilte Ireland, and to other public service bodies, as appropriate. However, I cannot, as of yet, give the exact numbers of staff transferring. The interim CEO of the new entity, who will be appointed shortly, will have a better indication of what the new entity’s staffing needs are once s/he is appointed.