City of Derry Airport: Stormont takes costs away from ratepayers
"The airport is integral to the economic development of Northern Ireland's north west," Archibald said.By assuming control of its running costs, she said, the council would now be able to focus funding on "supporting the north west's ongoing competitiveness and ability to trade, attract inward investment and inbound tourism".
In January 2024, it was reported the airport was facing an estimated £729,000 shortfall, while three years previously the council warned it was facing "severe financial risk".Stormont has previously provided financial aid to the airport, including in October 2024 when the Department of Infrastructure said it was providing a £3m package for the Eglinton facility.That same month, then Economy Minister Conor Murphy, said the department intended to assume responsibility for the running costs from April 2025.
Steve Frazer, the managing director of City of Derry Airport, said the four-year funding deal is "pivotal" for the airport's future stability."This announcement ensures we are well placed to continue supporting the region's ambitious growth plans and our continued contribution to the region's economy," he said.The Mayor of Derry and Strabane Lilian Seenoi Barr said the council and airport can now "strategically plan" for the airport's development and growth.The airport "is a critical infrastructure asset that provides connectivity and is fundamental to business and tourism in the area", she added.
Earlier this month it was announced direct flights between City of Derry Airport and London Heathrow will be subsidised by the Northern Ireland and UK governments for another two years.Since 2017, flights between Derry and London have been subsidised under a public service obligation (PSO).
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