Friday 15 November 2019

Stansted sale shows Dublin's value

THE sale of Stansted, with Ryanair hoping to acquire a 25pc stake in London's third airport, gives some indication of Dublin Airport's likely value.

A sale of Dublin Airport would let the Government get the DAA's €735m debt mountain off the balance sheet and yield a tidy bonus for the Exchequer.

Stansted's passenger numbers almost exactly mirror those of Dublin, which handled 18 million passengers last year as against 23.4 million in 2008.

On the basis of Stansted's mooted €1.26bn price tag, not alone could the DAA clear its debts, but the Exchequer would have about €525m cash left over.

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