Friday 23 March 2018

Departing DAA chief forced to give up bonus

Declan Collier

THE boss of the Dublin Airport Authority was at the centre of a political storm in June when it emerged that he had been awarded a €106,000 bonus.

The DAA maintained that the bonus was deferred, but that was just window dressing. The money had been awarded and Transport Minister Leo Varadkar was furious.

Declan Collier had been paid a total of €612,500 in 2010, including a basic salary of €308,000.

All this came about at a time when Dublin Airport's passenger traffic had collapsed.

Mr Varadkar threatened to sack the entire DAA board. Mr Collier eventually relinquished the bonus and in November announced that he would be taking up a new role as chief executive of London City Airport next year.

His contract with the DAA had been due to expire next April.

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