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Government To Create New Shannon Company

Published on Jul 17 2014 10:26 AM in General Industry

Government To Create New Shannon Company

Legislation has been passed meaning that a new State-owned company will take control of Shannon airport.

Seanad Éireann has approved the State Airports Bill, which creates Shannon Group Plc, and amends other aspects of the Republic’s aviation laws. It must be signed into law by the President.

Shannon Group will combine the airport authority with the property ownership and management activities of Shannon Commercial Enterprises Ltd, and Shannon Heritage and the International Aviation Services Centre.

Recently released statistics show 653,894 passengers travelled through the airport’s terminal in the first six months of the year, up 15 per cent on 2013.

Passenger numbers on European routes are up 54 per cent this year, partly caused by nine new services launched by Ryanair.

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