Dublin Airport Authority (DAA) has introduced a new incentive scheme aimed at encouraging traffic growth at Dublin, Cork and Shannon airports over the next three years. The scheme will rebate passenger service charges to airlines for any traffic growth at the three airports up to the end of 2013. The combination of the new scheme and DAA’s existing activities means that the DAA is making up to €75 million worth of incentives available to airlines over the next three years.
"This is a highly generous incentive scheme aimed at growing passenger traffic at Dublin, Cork and Shannon airports between now and 2013," said Vincent Harrison, Director of Strategy, DAA. "Our airport charges are already highly competitive and the addition of this new incentive scheme will make Dublin, Cork and Shannon airports even more attractive locations for new business."
The Growth Incentive Scheme will begin to rebate passenger charges at Dublin, Cork or Shannon airports once the threshold of the previous year’s traffic total has been surpassed at the airport in question. Airlines will be rebated retrospectively based on their contribution to the overall growth at the airport and payments under the scheme will be capped at the overall growth level of each individual airport.
The introduction of the DAA’s new Growth Incentive Scheme coincides with the Government’s indication that it is willing to remove the remaining €3 aviation tax in return for a reinstatement of capacity and routes that have been recently lost.
"The Government's stated position in relation to the aviation tax, coupled with the DAA's decision to rebate all passenger service charges for extra traffic delivered to our airports over the next three years creates a formidable incentive to airlines to grow their business at Dublin, Cork and Shannon airports," said Vincent Harrison.
More details on the incentives are available on the individual airline pages in Route Exchange.
For Cork, click here, for Dublin click here and for Shannon click here.
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