The CEO of Shannon Group has welcomed today’s announcement by Government of a €90 million aviation sector support package in the Budget.
Mary Considine said: “The aviation sector has been decimated as a result of the pandemic and the aviation package announced today is a very welcome acknowledgement of the importance of this sector to the Irish economy. Restoring vital air connectivity is essential for the thousands of jobs in the tourism and business sectors who rely on the connectivity for their livelihoods.
“We know that it will take many years for aviation to recover to pre-pandemic levels and we appreciate this funding, and indeed other Government supports Shannon Group has received since the onset of the pandemic. We look forward to hearing the detail of the allocation for Shannon Airport in due course.”
Finance Minister Paschal Donohoe acknowledged that the aviation sector had paid a particularly heavy price during the pandemic and said he is amending the taxation arrangements, which apply to international air crews under Section 127B of the income tax code.
Minister Hildegarde Naughton said: “The total aviation funding package of €126 million being announced today demonstrates the Government’s commitment to supporting our aviation sector as it emerges as one of the hardest hit sectors by the pandemic. Throughout 2022, we remain determined that aviation can build back stronger from the impacts of COVID-19 –
€36 million is being allocated under our Regional Airports Programme in 2022 to support the airports of Donegal, Kerry and Ireland West (Knock), and for the first time, Shannon Airport and Cork Airport. This new funding will target safety, security, and sustainability related projects for the airports in our regions.
€90 million is being made available to the sector which will enable our State airports to target funding, by way of route incentives and rebates, precisely where it will have the best impact throughout the remainder of the year and 2022.
“The money we have secured as part of Budget 2022 will allow us to sustainably connect more people with more places, strengthen communities across the country, and will contribute significantly to our nation’s strategic connectivity. Capital funding of €561 million will allow the Department to provide significant grant support for the protection and renewal of regional and local roads as well as supporting a number of significant construction starts, which will be to the benefit of all road users from a safety perspective.”
Minister Naughton added: “2022 will see Government continue to invest almost €1 million per day in walking and cycling projects nationally, with a particular emphasis on safe infrastructure outside and on the lead up to schools allowing students to safely walk, cycle or scoot to school as part of their daily commute.”