NI Executive agrees multi-million pound funding for City of Derry Airport

Announced yesterday was the news that the City of Derry Airport, currently owned by Derry City & Strabane District Council, is in line to received an as yet unspecified sum (although Deputy First Minister Martin McGuinness said it was a multi-million pound deal, and that it had been signed off). Many will know that the airport runs at a loss to the ratepayers of the council of £2.145 million per year. Ryanair announced recently that they would be cutting their Derry-Stansted …

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DRD Minister intends to grant £8.6million to City of Derry Airport

Some £60-odd million has been spent by various administrations on the City of Derry Airport in recent years – including £19million in 2008 on “safety work”.  And still no sign of a buyer… But, as the Irish Government prepares to cut the subsidy it provides for the Londonderry-Dublin flight, the Northern Ireland Regional Development Minister, Sinn Féin’s Conor Murphy, has announced his intention to grant £8.6million to the airport for further “essential safety works”.  Even though he has yet to secure …

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