An emergency board meeting of Aer Rianta was held this morning to discuss the PricewaterhouseCoopers report commissioned by the department of Transport, on the three airpots and the proposed break-up of the firm.
It's believed the confidential PricewaaterhouseCoopers report says that passenger charges may immediately rise at Dublin Airport following Aer Rianta's break-up. The report says the current ceiling on passenger charges of €5.29 will need to be seriously examined. The report suggests a maximum Dublin ceiling of €7.50 may be necessary, with the possibility of a rise to €9.50.
The report is said to show that Dublin will have to bear debt from Shannon and Cork, the Great Southern Hotel chain will need to be sold and passenger charges will need to increase.
At the meeting the board agreed unanimously that as the PwC report will form a critical basis for the restructuring of the company, the directors should be provided with a copy of the report for their consideration.
