The government has confirmed that Shannon Airport and Shannon Development are to merge. This merger will lead to the creation of 850 jobs.
The Government will grant Shannon Airport full independence from Dublin Airport Authority on December 31 2012 and merge it with a restructured Shannon Development to form a new, publicly-owned, commercial entity in 2013.
The airport has been loss-making since 2008 and passenger numbers have fallen by 60 per cent over the past five years, which has been described by the Government as “untenable”.
They said that specific commitments for the creation of 850 jobs have been secured from two Shannon-based companies, as part of plans for an International Aviation Services Centre.
This decision “will grant Shannon Airport the long-awaited freedom to determine its own future in the best interests of the airport itself and of the Shannon region, and merge it with a restructured Shannon Development”, said the Ministers. The new entity will include Shannon Development’s extensive landbank and will be tasked with developing an international aviation centre of excellence.
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