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USAF To Buy Shannon Airport?

category national | miscellaneous | news report author Monday April 07, 2003 13:39author by JYZ Report this post to the editors

Business Briefs - 03 April 2003 - THE United States Air Force has expressed an interest in purchasing Shannon airport.


An international commercial bank is also believed to be interested in acquiring one third of Aer Rianta, and selling Shannon on to the USAF. The deal would value the State-owned airport operator at $2.6 to $3 billion. The overture by the unnamed bank was brought to the attention of Transport Minister Seamus Brennan at Aer Rianta's board meeting last October. With the removal of the compulsory stopover for trans-atlantic routes, Shannon's facilities would be of most interest to international freight forwarders or delivery companies, as well as the USAF.
'Obviously we would be interested,' Pentagon spokesman Rear Admiral Craig Quigley told the Washington Post yesterday. 'Shannon is an excellent facility with a top-class runway. It would be very suitable as a strategic and secure troop transport facility.'
Although Aer Rianta's plans are at an early stage, it is conservatively reckoned that Shannon would command a pricetag of around $1.8 billion. The prospect of a windfall will be welcomed by Aer Rianta staff if they can secure a 5% stake in the company, similar to the stakes negotiated by employees in other state-owned companies.
If a third of the business were then sold for 850 million euros, the 3,300 employees could look forward to the tidy sum of nearly 13,000 euros each.

author by Joe Sheehanpublication date Mon Apr 07, 2003 14:01author address author phone Report this post to the editors

Check out the Ballyhoo Examiner link above

Related Link: http://www.ballyhoo-examiner.com/cgi-bin/ballyhoo/news/index.cgi?ref=browse&f=view&id=1049460816194125172179&block=
author by JYZpublication date Mon Apr 07, 2003 14:27author address author phone Report this post to the editors

oops

author by hellopublication date Mon Apr 07, 2003 22:27author address author phone Report this post to the editors

becuse if you dont you will belive any thing anybody will tell you.

oh by the way there also buying dublin airport.
what the hell lets throw in cork as a three for two other

 
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