Dublin Airport Authority
In 2004, the Oireachtas passed the State Airports Act, 2004. This renamed Aer Rianta cpt as Dublin Airport Authority plc, and established Shannon Airport Authority plc and Cork Airport Authority plc. The three new authorities have power to formulate business plans for their respective airports, however they will not take charge of running the airports until further date to be determined by the Minister for Transport, which by law would not be before 1 May 2005. As of 2008 this had yet to take place. Significant outstanding issues to be resolved include competitiveness and debit restructuring.
The company also retains its significant shareholdings in foreign airports such as Düsseldorf and Larnaca, through its wholly owned subsidiary, Aer Rianta International, which still retains the Aer Rianta name.
The State Airports Act was heavily criticised by Noel Hanlon, the outgoing chairman of Aer Rianta, and by the company's unions, who believed it a precursor to privatisation. No act to privatise Dublin Airport Authority or any of the airports has been passed however.
The current chairman of Dublin Airport Authority is Pádraig Ó Ríordáin.
Read more about this topic: Dublin Airport Authority, History
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