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Dáil Éireann debate -
Thursday, 1 May 1947

Vol. 105 No. 14

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 Rianta, Teoranta; the amount, if any, repaid; and the interest charged on the sums advanced.

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

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