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£1.23m Funding Package Announced For City Of Derry Airport

Published on Nov 20 2020 11:54 AM in General Industry tagged: Trending Posts / City of Derry Airport

£1.23m Funding Package Announced For City Of Derry Airport

Northern Ireland's infrastructure minister, Nichola Mallon, has announced a £1.23 million funding package for City of Derry Airport.

According to The Irish News, the emergency public funding will keep the airport operational until March of next year.

The short-term grant is based on 50% of City of Derry Airport's deficit for the current financial year.

"Vital Role"

The Irish News quotes Mallon as saying, "I recognise the vital role that City of Derry Airport plays as a gateway to the north west.

"While my powers in relation to airports are limited, I have been working alongside my Executive colleagues to ensure that the City of Derry Airport is supported to remain open at this time of economic challenge."

"Delighted"

Meanwhile, chair of the City of Derry Airport board Albert Harrison said that the funding will secure jobs and retain critical connectivity, and the airport's manager, Steve Frazer, stated, "The announcement symbolises the importance with which central government recognises the important role played by CoDA towards connectivity and regional development in this region, and we are delighted that they are supporting us as we continue to deal with the pandemic, plan for the recovery phase and future investment."

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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