Easons has secured the bookshop licence held by Hughes & Hughes to operate in Terminal 1 at Dublin Airport and at Cork Airport.

The company will take over the operation of the five units at Dublin Airport and the two units at Cork Airport.

Today’s announcement will mean that approximately 120 jobs which had been under threat following Hughes & Hughes' receivership will be saved.

The licences to operate at Dublin and Cork Airports were recognised as one of the most attractive parts of the former Hughes & Hughes business.

Mr Conor Whelan, Managing Director of Eason said: ‘We have a great deal of sympathy for the management and staff at Hughes & Hughes which has been a longstanding and respected competitor.

‘Nevertheless, we are pleased that Eason is in a position to ensure that another strong Irish book brand will operate in Dublin and Cork Airports.

‘These are prestigious retail locations and we decided to take up this opportunity, despite the challenging marketplace at present.’

Over 20m passengers passed through Dublin Airport in 2009 with 2.8 million passing through Cork Airport.

Last Friday, Hughes & Hughes, which had been in business for 26 years, announced it was going into receivership.