Aviation

IAA posts €1.9m loss for 2023 after AirNav spin-off

Revenues at the body more than halved to €91 million after a separate entity was formed to regulate air traffic control

Regulators have divided the IAA up between its safety role and its commercial air traffic work. Picture: Rollingnews.ie

The Irish Aviation Authority (IAA) has posted a €1.9 million operating loss for their 2023 year, with revenues sinking by more than 50 per cent to €91 million, as it coordinated a major restructuring of the organisation.

Last year saw the state’s aviation regulator split in two to distinguish between its safety role and its commercial air traffic work. The IAA was tasked with regulating Irish skies while AirNav Ireland, which was newly established in ...