asked the Minister for Industry and Commerce if he will state the total sum advanced, to date, to Aer Rianta, Teoranta; the amount, if any, repaid; and the interest charged on the sums advanced.
Written Answers. - Finance of Air Services.
asked the Minister for Industry and Commerce if he will state the total sum advanced, to date, to Aer Lingus, Teoranta; the amount, if any, repaid; and the rate of interest charged on sums advanced.
I propose to take questions Nos. 17 and 18 together.
The attached tables give particulars of: (1) Subsidies paid by the Minister for Industry and Commerce to Aer Rianta in respect of air services; (2) Amounts paid by the Minister for Industry and Commerce to Aer Rianta in respect of losses in the management of Dublin Airport, and of capital expenditure incurred on equipment and minor works there.
No interest has been charged in respect of the payments shown in tables 1 and 2.
No subsidy has been paid directly to Aer Lingus by the Minister for Industry and Commerce or by the Minister for Finance. The company's losses on air services have been made good by the parent company Aer Rianta from the subsidy paid to that company by the Minister for Industry and Commerce.
The Minister for Finance has subscribed £957,987 by way of payment for share capital in Aer Rianta. Of this sum Aer Rianta has in turn subscribed £236,991 for shares in Aer Lingus and £700,000 for shares in Aerlinte Éireann. The Minister for Finance has not subscribed directly for any share capital in either Aer Lingus or Aerlinte.
No interest is payable on these subscriptions and no part of them has been repaid.
I.—SUBSIDY IN RESPECT OF AIR SERVICES.
Year |
Total Subsidy Payments to Aer Rianta Teoranta |
Amount of Subsidy transferred by Aer Rianta Teoranta to Aer Lingus Teoranta |
Amount of Subsidy expended by Aer Rianta Teoranta |
Total Subsidy expended by Aer Rianta Teo. and Aer Lingus Teoranta |
Amount of Subsidy repaid |
||||||||
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|
1938/39 |
33,000 |
26,500 |
0 |
0 |
6,500 |
0 |
0 |
33,000 |
0 |
0 |
— |
||
1939/40 |
29,050 |
24,062 |
9 |
11 |
2,433 |
5 |
4 |
26,495 |
15 |
3 |
2,554 |
4 |
9 |
1940/41 |
34,000 |
32,114 |
14 |
6 |
1,367 |
18 |
1 |
33,482 |
12 |
7 |
517 |
7 |
5 |
1941/42 |
32,000 |
28,853 |
6 |
5 |
1,248 |
8 |
11 |
30,101 |
15 |
4 |
1,898 |
4 |
8 |
1942/43 |
33,000 |
27,817 |
3 |
10 |
1,592 |
17 |
4 |
29,410 |
1 |
2 |
3,589 |
18 |
10 |
1943/44 |
26,600 |
22,282 |
11 |
4 |
1,432 |
18 |
0 |
23,715 |
9 |
4 |
2,884 |
10 |
8 |
1944/45 |
32,500 |
28,473 |
15 |
10 |
1,290 |
12 |
8 |
29,764 |
8 |
6 |
2,735 |
11 |
6 |
1945/46 |
10,000 |
Nil |
1,957 |
19 |
11 |
1,957 |
19 |
11 |
8,042 |
0 |
1 |
||
1946/47 |
61,200 |
Not available |
Not available |
Not available |
Not available |
||||||||
1947/48 |
17,000 |
Not available |
Not available |
Not available |
Not available |
||||||||
June Quarter |
|||||||||||||
TOTAL |
308,350 |
190,104 |
1 |
10 |
17,824 |
0 |
3 |
207,928 |
2 |
1 |
22,221 |
17 |
11 |
II.—LOSSES AND REFUND OF CAPITAL EXPENDITURE ON EQUIPMENT, MINOR WORKS, ETC. IN CONNECTION WITH THE MANAGEMENT OF THE DUBLIN AIRPORT.
Year |
Total Payments to Aer Rianta Tta. |
Total Amount expended by Aer Rianta Tta |
Amount refunded by Aer Rianta Tta |
||||||
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|
1940/41 |
4,000 |
0 |
0 |
3,967 |
5 |
8 |
32 |
14 |
4 |
1941/42 |
6,640 |
0 |
9 |
6,147 |
5 |
1 |
492 |
15 |
8 |
1942/43 |
7,171 |
12 |
2 |
6,810 |
8 |
9 |
361 |
3 |
5 |
1943/44 |
8,772 |
2 |
4 |
7,917 |
13 |
11 |
854 |
8 |
5 |
1944/45 |
10,072 |
12 |
10 |
9,095 |
4 |
0 |
977 |
8 |
10 |
1945/46 |
11,148 |
7 |
9 |
10,079 |
5 |
0 |
1,069 |
2 |
9 |
1946/47 |
30,000 |
0 |
0 |
Not available |
Not available |
||||
1947/48—June Quarter |
8,000 |
0 |
0 |
Not available |
Not available |
||||
TOTAL |
85,804 |
15 |
10 |
44,017 |
2 |
5 |
3,787 |
13 |
5 |
asked the Minister for Industry and Commerce if he will state the total cost, to date, of the construction work carried out at: (i) Collinstown Airport; (ii) Rineanna, and (iii) Foynes.
The total expenditure on construction works up to the 31st March, 1947, at the Dublin and Shannon Airports was as follows:—
£ |
|
Dublin Airport |
491,269 |
Shannon Airport (Rineanna) |
1,156,072 |
Shannon Airport (Foynes) |
143,777 |