Dáil Éireann Debate, Tuesday - 9 October 2007
297 Deputy Richard Bruton asked the Minister for Transport and the Marine if final decisions have been reached on the division of assets and liabilities between the various airport authorities; when the separation will be completed; and if he will make a statement on the matter. [22269/07]
View answerThe State Airports Act, 2004 provides the framework for the establishment of Shannon and Cork as independent airports. Under the Act, both the Minister for Finance and I will have to be satisfied as to the state of operational and financial readiness of the three airports before any vesting of assets can take place.
The actual timing of airport restructuring will continue to depend on the creation of the appropriate conditions that will ensure the financial sustainability of each State Airport.
