Tuesday October 27, 2020

€160m Cork Airport debt causes disquiet

Dublin Airport Authority (DAA) chairman Gary McGann expressed disquiet at a recent Dail committee meeting at the prospect of being saddled with Cork Airport's €160 million debt.

4th June, 2005

Dublin Airport Authority (DAA) chairman Gary McGann expressed disquiet at a recent Dail committee meeting at the prospect of being saddled with Cork Airport's €160 million debt.

The new terminal at Cork was sanctioned by former Aer Rianta boss Noel Hanlon as a substantial upgrade from a more modest terminal expansion plan costing €76 million. Aviation regulator Bill Prasifka warned at the time that the estimated outlay – then €140 million – exceeded what was...

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