New investment as Shannon profits take off

first_imgNewsNew investment as Shannon profits take offBy Bernie English – April 16, 2015 977 Advertisement WhatsApp Print RELATED ARTICLESMORE FROM AUTHOR Facebook TAGSBunrattyFree ZoneNeil PakeyShannon aiportShannon Heritage Limerick Charity getting sweet treats from Shannon Heritage Previous articleOpinion – Us versus them, againNext articleDigital jobs on the way for Limerick Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Shannon Group chief executive Neil Pakeyby Bernie English [email protected] at Shannon airport have taken off again, with the returns for last year showing a rise in profits for the airport as well as its subsidiary property and tourism firms.Sign up for the weekly Limerick Post newsletter Sign Up And Shannon Group chief executive Neil Pakey is predicting even more growth in passenger numbers in the coming year, although the increase will be in single figures as opposed to last years 17 per cent increase.In 2014, the airport saw 1.639 million passengers through its doors, largely boosted by the new routes launched in the Ryanair comeback.“Overall, we are going to be looking at growth this year. It is not going to be the same level as last year and it is going to be single-digit growth,” said Mr Pakey.And after delivering the good news about the profits increase, the chief executive said the board was planning an investment programme for the airport where some of the facilities and product are “getting old and tired”. Mr Pakey said the investment would extend to the property portfolio which covers the Shannon Free Zone and Shannon Heritage whose visitor attractions include King John’s Castle and the Bunratty folk park and castle.He confirmed that some of the buildings in the property portfolio need a severe investment injection as the necessary finance had been lacking in recent years.“It is self-evident that some of the buildings are in a state of dilapidation and we want to rectify that”.He also confirmed that a firm of consultants have now finished a review of the Shannon Heritage tourism product. Twitter Email Shannon Group statement on the Aer Lingus decision to close its Shannon Airport base King John’s Castle Limerick reopens with new medieval themed outdoor games Linkedin Shannon Group seeking funding for Bunratty Castle & Folk Park and King John’s Castle €2.6 million approved for Shannon Heritage Shannon Group announces two new appointments to its Executive Management Teamlast_img

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