excess of €465 million.
Headquartered at Dublin Airport, the DAA's principal
activities include airport management, operation and
development, domestic and international airport retail
management and airport investment. The company's domestic
operations include the running of Dublin, Cork and Shannon
airports. Under the 2004 State Airports Act, which came into effect in October 2004, the DAA assumed responsibility for all the assets, liabilities and contracts of the former Aer Rianta.
On dates yet to be confirmed, the Cork and Shannon Airport Authorities may have the relevant airport assets vested in them and assume full responsibility for the management, development and operation of Cork and Shannon airports respectively. In the interim, the board of the DAA has transferred significant day-to-day operational responsibility, under delegated authority, to the boards of the Cork and Shannon Airport Authorities.
The Shannon Board took office in Autumn 2004 under the chairmanship of Pat Shanahan.
