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Developing Dublin Airport As A Transatlantic Hub Could Give Economy €18.6bn Boost

Published on Sep 13 2018 10:22 AM in General Industry tagged: Trending Posts / Aer Lingus / Dublin Airport / DAA / EY

Developing Dublin Airport As A Transatlantic Hub Could Give Economy €18.6bn Boost

According to a new report by accountants EY and published by Aer Lingus, developing Dublin Airport as a transatlantic hub could create 33,950 jobs and inject €18.6 million into the economy over the next 15 years.

The Irish Times reports that Aer Lingus chief executive Stephen Kavanagh said the DAA's plans to invest €900 million in extending aircraft parking and boarding facilities at Dublin Airport were necessary to allow the airport to develop as a transfer point for passengers travelling between transatlantic and European flights. However, he said that the work needs to be completed quickly to capitalise on the potential economic and employment benefits.

Expectations And Target

The employment and economic predictions made by Aer Lingus and EY's report are based on expectations that Dublin Airport will attract an additional five million transfer passengers per year by 2033, and DAA chief executive Dalton Philips has set a target of 2023 for the completion of upgrades to the airport.

© 2018 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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