Government investment in Kerry Airport approved by European Commission

Government investment in Kerry Airport has been approved by the European Commission. Kerry Airport The EU Commission decision means that that a maximum of 42.5 million euro will be made available to the airports at Kerry, Knock, Donegal and Waterford over the next four years. The announcement has been welcomed by Minister of State Jimmy Deenihan and Deputies Brendan Griffin and Michael Healy-Rae. State aid, under what are known as the OPEX and CAPEX Schemes, will now be made available to the four regional airports including Kerry in accordance with EU guidelines. Minister for Transport Paschal Donohoe said that the approval of the investment scheme will help the regional airports to become financially viable in the future. The level of funding provided in each year of the programme will be determined on the basis of submissions from the airports, including five year business plans, and the availability of exchequer resources in any one year. They have until 2024 to become self-sufficient before the investment scheme is stopped, according to the minister. Kerry Airport will now make its submission to the Department of Transport for support under the programme.