Business

Vital business plan for City of Derry Airport 'due in weeks'

A BUSINESS plan, vital for the sustainability of City of Derry Airport, will be presented to Derry City and Strabane District Council in the coming weeks.

The business case will be shared with government departments in a bid to secure additional funding.

Alfie Dallas, head of strategic finance and funding informed members that the York Aviation report into the viability of the airport has been completed.

“The purpose of the report was basically to inform of all the options to the airport and it will now form part of the business case,” he said.

“That business case is almost complete and will come before council in the next few weeks once complete.

"It’s obviously a critical case for our longer term sustainability in that we need government support to assist us with the airport.”

In November 2020 City of Derry Airport received an emergency funding package of £1.23 million (based on 50 per cent of its deficit for this financial year) to help keep it operational until March 2021.

It followed intervention provided earlier in the year to assist the airport to remain open during the pandemic.

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