Re: Re: Cork Transport
It was an Aer Rianta project and as such the debt should be dealt with at national level; the important thing for Cork and Shannon is that they get their ongoing cost base right.
You have to assess their capacity to service debt in the context of their future investment needs. The real question is could the CAA service a €7m annual interest bill and ensure that service levels at the airport were unaffected?
I also wonder will Ryanair look at Cork for a transatlantic service given the likely double subsidy he could expect?