This article is from page 17 of the 2011-11-29 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 17 JPG
GOVERNMENT funding from the sale of a key strategic asset that was inspired by the Shannon Airport story should be pumped into the development of the former transatlantic hub as it bids to chart a new future for itself from 2012.
That’s one demand thrown down by local Fine Gael TD Joe Carey to the Fine Gael-led government, with the Clarecastle representative claiming that Shannon has “intellectual” rights to millions of euros in funds from any sale of Aer Rianta International.
According to Deputy Carey, the proceeds of the sale of this key strategic State asset should be ploughed into Shannon, funds that could help clear the airport’s crippling debt as well as play for a new development programme for Clare’s international airport.
“There is a very strong feeling that the Aer Rianta International project, which was the brainchild of Shannon Management under the astute leadership of Liam Skelly, was in the first place developed with the need to generate reserves to underpin the future viability of Shannon,” says Deputy Carey in his submission to Booz and Company.
“ARI before being subsumed into the DAA was the intellectual capital of Shannon Airport. While I understand the Government may be considering the sale of ARI, the revenue from any such disposal should in the first place be ring-fenced to cover the funding of the future capital requirements of a newly structured Shannon,” he adds.
Aer Rianta International was established in 1988 on the back of Shannon Airport’s connection with Aeroflot – a connection that dated from 1973 when the Russian carrier used Shannon as a refuelling stop to support its transatlantic services between Moscow and Havana.
Aeroflot then developed its own fuel-farm at Shannon in 1980, while eight years later a joint-venture between Aer Rianta and Shannon saw the opening of Aer Rianta International’s first duty free shop in Moscow.
Aer Rianta International now operates modern retail centres at major airports in Europe, Eastern Europe, North America and the Middle East.
“It is of concern that significant funds from the ARI basket have been gifted to Dublin Airport to reduce the cost of the new terminal and yet some people tell me that ARI funds cannot be allotted to Shannon. This is clearly placing Shannon at a significant disadvantage,” adds Deputy Carey in calling for a change in government and DAA policy.