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Privatising Shannon Airport would be ruinous-Mayor of Clare

first_imgPrint Email WhatsApp Twitter NewsLocal NewsPrivatising Shannon Airport would be ruinous-Mayor of ClareBy admin – November 21, 2011 510 Advertisementcenter_img Linkedin Facebook A private operator take-over would be focused on profits and not the strategic interest of the region.PRIVATISING Shannon Airport would be ruinous, not just for the airport, but for the region, according to the Mayor of Clare.Mayor Pat Hayes said that under no circumstances should a private operator be allowed to step in.Sign up for the weekly Limerick Post newsletter Sign Up Minister for Transport Leo Varadkar appointed international consultants Booz and Company to carry out a study on future options for Shannon and Cork airports.But Mayor Hayes said that a private operator take-over would be solely focused on profits and not the strategic interest of the region.“The reality is that a private operator would opt for a lower number of services if that’s what delivers higher profits – the bottom line is all that would matter.“My concern is that, based on his comments so far, the Minister is only focused on making the airport profitable”.Mayor Hayes said that the privatisation of Aer Lingus is an example of the damage that could be caused in this kind of take-over, as the move had resulted in the loss of the Shannon/Heathrow route.“That was a calculated move by the airline to develop a base in Belfast in the misguided belief it would be more successful than Shannon.“They abandoned Shannon in pursuit of greater profits and it caused huge damage to us here. “That’s what we would be exposed to under private ownership, whether through full privatisation or a concession/lease option”.The Mayor believes that the airport must remain in State ownership and that a solution to its current difficulties lies in marketing of the region by tourism industries.“The recent ‘New Directions’ report by the Irish Tourist Industry Confederation showed that seven out of every 10 overseas holiday visitors to the West currently arrive via an east-coast airport or port.“That’s startling and shows to me that tourism agencies are marketing the east coast as the access point for the West and not Shannon, which from a tourism perspective is outlandish and from a Shannon Airport perspective even worse”. Previous articleCall to change car registration to reflect home countyNext articleHave your sporting say and win adminlast_img read more

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Is avocado toast holding your millennials back from a mortgage

first_img 36SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Austrailian millionaire Tim Gurner declared that Millennials are unable to buy homes because of wasteful spending on items such as avocado toast. “When I was trying to buy my first home I wasn’t buying smashed avocados for 19 bucks and four coffees at $4 each”. Within hours of his remarks on TV’s “60 Minutes,” Millennials took to the internet to defend their generation’s money habits. Acknowledging that avocado toast is not the culprit keeping millennial from buying their first home, they are are facing challenges with a competitive labor market and increased expenses on every level, not just the breakfast they choose to eat. Your credit union lending solutions could be the answer to some of those challenges.Even though the market is tougher than ever, Millennials are the largest group of home buyers. With home values up 7% and fewer homes on the market than in 2016, buying a home is no easy feat in 2017. Additionally, Millennials are competing with seasoned, repeat buyers who are equipped with more capital and experience. Millennials go out to buy their first home and show up to open houses where interested bidders are making offers in cash.The market has also seen a shortage of starter homes in recent years, which has caused a direct correlation to the increased price of homes. So while Millennials are more than interested, the homes are not within a first-time buyer’s budget, and definitely not the prices their parents were up against when they sought out their first homes. continue reading »last_img read more

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