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The jobs & careers site of Finance Dublin, Aviation Finance, and Finance Magazine, for finance jobs. Monday, 13th July 2020
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Irish Government to establish International Aviation Services Center at Shannon Back
The announcement was made as part of a plan that separates Shannon Airport from the DAA, a body that operates the main Irish airports at Dublin and Cork by year end. A five year plan is based around sustainable passenger growth to 2.5 million passengers within five years at Shannon, up from the present 1.5 million.
The plan for the 'IASC' anticipates the creation of up to 3,000 jobs within a three to five year period across a cluster of diverse international, primarily aviation, related business centered on the airport and building on the existing cluster of 40 aviation related companies working at Shannon, including the world wide operations of GECAS, the largest global aircraft lessor.

GECAS' General Manager Sean Flannery also addressed the conference on the potentials and growth of the aircraft leasing sector.

Welcoming the announcement today, the Chairman of the Aviation Business Development Task Force in Ireland, Rose Hynes confirmed that, pending separation, 1,000 of those posts have already been committed by two existing Shannon based companies, one of which involves 800 plus jobs within three years.

The airport management announcement was however criticised by both business and trade union bodies who were represented at the conference. Ryanair boss Michael O'Leary said that Shannon airport should be sold to a private owner instead of being transferred to "another quango".

Mr O’Leary told delegates that it was his first time visiting the National Conference Centre in Dublin, where the conference was held. “It’s my first time in the National Conference Centre – the second big white elephant building in this country after the Dublin Airport Authority's Terminal 2,” he said. “For those of you who are visiting this country and want to realise why we are broke, you’re sitting in it.”

The Siptu trade union described the plan as 'fanciful' being based on a model which envisages an increase of passenger numbers by 50 p.c. within a short timescale. A spokesman said: "Staff have genuine concerns around their job security and quality of employment and other related matters. The speed with which the implementation of this decision is happening does not leave a lot of time for the necessary guarantees to be received."

“This is the beginning of a new era for Shannon Airport. December 31st 2012 has now been set as the date for the separation of Shannon. This will be followed by the second phase of the process, the merging of the Airport with activities of a restructured Shannon Development.

“The immediate focus of the separated Shannon Airport will be the growth of passenger numbers but the future for Shannon will also involve the development of innovative new business streams, with strong job creation potential.

“We have spent the past five months working towards separation. The process has involved discussions, many of which are at an advanced stage, with airline partners and industry, both of which are committed to investing in Shannon pending separation. We now look forward to advancing these solid commitments and creating a sustainable future for the benefit of Shannon Airport, its staff, customers and the region.”

Commenting on the split, Shannon Airport Director Mary Considine said: “Today is a pivotal step in the process of separation. The focus of staff and management at Shannon Airport has been on ensuring that the airport is financially and operationally ready for separation. We will continue to build on the momentum of recent gains in passenger services whilst growing a range of commercial opportunities.

“This entire process is all about securing a sustainable future for all the stakeholders of the Airport and that Shannon Airport delivers on its role as a key economic driver for the West of Ireland.”
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