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DAA Buys Back Airport Site

The Dublin Airport Authority (DAA) has agreed to buy back a 9.9 acre site at Dublin Airport that is currently occupied by the Aer Lingus head office building (HOB).

The site, which is in a strategic location at the heart of Dublin Airport, is owned by the DAA and has been leased to Aer Lingus for many years.

The deal will take effect in January 2012 and it has been agreed that DAA will pay Aer Lingus €10.55 million in cash over a 10-year period from that date. The DAA will also provide Aer Lingus with a credit to the value of €11.6 million in respect of other agreements between the two companies over the same 10-year period.

Ends

June 25 2010

For further information contact:

Paul O’Kane, Tel  353 1 8141897, 353 86 609 0221