This article is from page 2 of the 2011-12-20 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 2 JPG
SHANNON Airport is likely to escape any major downturn in passenger numbers as a result of the official conclusion of US military operations in Iraq. An estimated 229,000 US military servicemen and women travelled through Shannon Airport in 2010 – more then 12 per cent of the entire passenger population who used the airport.
However, The Clare People understands that the vast majority of US military personnel who are currently using the airport are flying on to based in Afghanistan and Germany and will not be effected by the fall off in numbers travelling to Iraq.
While last week’s announcement of an official end to the US military occupation in Iraq will have an impact on the throughput at Shannon Airport, a number of these flight will continue to operate between Shannon and Kuwait instead of between Shannon and Iraq. All US military flight which land at Shannon Airport pay the same airport charges that are paid by regular commercial operators at the airport. The US military troops have also become an major generator of revenue for the Shannon Duty Free shop over the last decade.
The Department of Foreign Affairs have also confirmed that they did not receive any advanced warning from the US authorities that US operations in Iraq, which use Shannon Airport, would be coming to an end.
Shannon Airport handled an estimated 1.8 million passengers in 2010 but number are expected to be significantly lower for 2011. The airport is currently estimated to be losing in the region of € 7 million each year.
Meanwhile, noted economist and former government adviser, Dr Alan Ahearne, has warned that Clare and the west of Ireland will not escape unscathed from the current crisis which is effecting the Euro.
Dr Ahearne, who was speaking at the Shannon Chamber of Commerce’s annual President’s lunch, which took place in Dromoland Castle on Friday last, said that the one saving grace was that the Irish are “more resilient” than other people.
“Europe is muddling through the Euro crisis, with no definite comprehensive solution on the table and no ECB big bazooka. The Euro needs a new architecture, which involves stricter surveillance of national fiscal and economic policies and a proper centralised framework to resolve crises,” he said.
“Much of the hard work has already been done here. Three-quarters of the budgetary adjustments have been made, the banks have been restructured, and we are seeing significant improvements in our cost competitiveness. However, we won’t escape unscathed.”