BREAKING: The Government has agreed a revised €80 million funding package for Irish aviation
The Department of Transport will provide further operational and capital funding supports of €22m for Cork and Shannon Airports
The Government has agreed a revised €80 million funding package for Irish aviation
An extra €48 million in supports for 2021 has been announced in addition to the funding ringfenced for aviation in Budget 2021
The funding is being allocated in recognition of the very difficult winter season being faced by the sector
The Department of Transport will provide further operational and capital funding supports of €22m for Cork and Shannon Airport, which is in addition to the €10m in capital funding announced in Budget 2021.
The funding package will also include an Airport Charges Rebate Scheme for January to March 2021, subject to State Aid approval from the EU Commission.
This is one of the recommendations made by the Task Force for Aviation Recovery and, at an estimated cost of €20m, will support the retention of core connectivity through the Winter season.
This funding announcement comes just weeks after Ryanair confirmed that they are grounding flights at Cork Airport from November 14th to December 12th
Cork Airport described the move as a "body blow" but says they will not be closing as they continue to have two airlines serving three routes
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