Chambers unite in support of Shannon Airport

first_imgCHAMBERS representing businesses that directly support over 100,000 jobs across the Mid-Wet and West have united in one voice in a submission to government today for supports to help Shannon Airport navigate the current crisis and establish a new model for aviation in Ireland.The submission from Ennis, Galway, Limerick and Shannon chambers, which collectively represents 1,358 businesses across the Shannon Airport catchment, the proposals have been forwarded today to Transport Minister Eamon Ryan ahead of a meeting sought by the group with him last week.Sign up for the weekly Limerick Post newsletter Sign Up The chambers, in their joint submission, state that the ability of firms located in Ireland to do business internationally, and the attractiveness of Ireland for foreign firms, labour, and tourists depends on aviation.  “As such, the business community in the Mid-West and West of Ireland is deeply concerned following recent decisions by Delta and United Airlines not to resume flights from Shannon Airport in 2021.“These concerns have been further exacerbated by recent reports regarding the potential transfer of Aer Lingus aircraft serving routes to the US and UK away from Shannon Airport to alternative UK regional airports,” the submission states.The chambers say that Ireland’s travel restrictions are among the most restrictive in Europe and the longer these restrictions are in place, the greater the risk they pose to our competitiveness and future economic recovery.“While the business communities of the Mid-West and West appreciate that public health advice must take priority, we cannot ignore the fact that government-imposed travel restrictions are forcing airlines to make decisions that will have severe repercussions for regional economies. It is now time for the government to intervene and provide a support package for stricken airlines in order to ensure our connectivity into the future.”The chambers call on government to adopt a strategic approach to support for airlines that are struggling to cope with the impact of COVID-19 and to follow the footsteps of Austria and France by ensuring that any support package has strong environmental conditions attached.They also urge Minister Ryan to take the opportunity to advance the main objective of Project Ireland 2040 through the attachment of binding conditions for strategic route development into regional airports that will assist in addressing the regional economic imbalances.They outline seven asks that cover both the current crisis and the need to adopt new aviation policy measures that will enable growth at airports in the regions, in line with the objectives of Project Ireland 2040.The specific asks are:As soon as public health advice allows, implement fully the recommendations of the Aviation Recovery TaskforceProvide support packages for airlines who will maintain and develop routes from Irish regional airports. Any such supports should have conditionalities attached regardingNew route development into strategic markets to strengthen regional airport connectivityTargets on carbon emission reductionsIn support of Regional Spatial Economic Strategy, undertake an assessment of economic activity around regional airports to identify the strategic routes that present the highest economic value for the corresponding regional economiesAlign the Regional Airports Programme with EU criteria so that both Shannon and Cork airports can access capital supportsAlign National Aviation Policy with Project Ireland 2040 and strengthen the role of airports as key strategic assets for balanced regional development. The business communities call for the establishment of an independent body with statutory oversight for balanced air traffic development across the Irish airport network.Specifically relating to operations at Shannon Airport, the chamber further requests the government to:Urgently appoint Chair to lead Shannon GroupIn addition to direct Government funding, allow cross subsidisation to use profits from other divisions within the group in support of strategic route and cargo operations development to ensure the long term-viability of Shannon Airport.“The critical importance of Transatlantic and European routes with Aer Lingus into Shannon airport cannot be overstated,” the submission states. “This connectivity to other markets is vital for FDI and indigenous businesses operating across Industry and Tourism in the Mid-West and West.“As we continue to navigate through the economic crisis caused by COVID-19, we urge the Minister to ensure that these links to vital markets are protected and new routes developed in support of economic recovery.” Previous articleWATCH: Bermingham “thrilled with result, not so much the performance”Next article#ThrowbackThursday: This week’s look back at our Out & About photos Meghann Scully Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Advertisement Email Twittercenter_img Limerick’s National Camogie League double header to be streamed live LimerickNewsChambers unite in support of Shannon AirportBy Meghann Scully – September 10, 2020 188 TAGSKeeping Limerick PostedlimerickLimerick PostShannon airport Limerick Ladies National Football League opener to be streamed live Linkedin WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print Donal Ryan names Limerick Ladies Football team for League openerlast_img read more

The City Where Foreclosures Are Skyrocketing

first_img Tagged with: Foreclosure Report Foreclosures propertyshark Q1 2018  Print This Post Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure Report Foreclosures propertyshark Q1 2018 2018-04-04 David Wharton April 4, 2018 5,606 Views The City Where Foreclosures Are Skyrocketing Previous: Which Features Boost Home Sale Prices? Next: Christopher Herbert Elected to Freddie Mac Board of Directors Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The City Where Foreclosures Are Skyrocketing The Best Markets For Residential Property Investors 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Journal, Market Studies, News This past January, PropertyShark’s annual foreclosure report revealed that New York City saw a year-over-year increase in foreclosed homes scheduled for auction of 58 percent and year-over-year foreclosure increases in every borough except Manhattan. Now PropertyShark has released their Residential Foreclosure Report for Q1 2018, and those trends toward higher foreclosure rates seem to be continuing in the new year.PropertyShark’s foreclosure report for last year revealed that the number of foreclosed New York homes hit an eight-year high in 2017. During Q1 2018, the number of new foreclosure cases climbed 31 percent year-over-year. PropertyShark reports a total of 920 new foreclosures logged in NYC during Q1, up from 702 during Q1 2017. New York recorded a higher number of foreclosed homes during Q1 than during any quarter since 2009.Breaking things down by borough, Brooklyn saw the highest increase of homes scheduled for auction in Q1, recording a 64 percent year-over-year increase. That works out to 275 homes scheduled for auction during the quarter, compared to 168 during Q1 2017—the highest number ever recorded in the borough. During Q1 2016, the number was only 79.The Bronx saw a 33 percent year-over-year increase, amounting to 117 homes headed for auction during the quarter. While the Bronx did register a year-over-year increase, its foreclosure numbers actually dropped 41 percent below their Q4 2017 totals.Following a significant spike in foreclosure activity during Q4 2017, Staten Island saw only a small increase between Q4 2017 (185 new foreclosures recorded) and Q1 2018 (189 new foreclosures recorded). However, like much of the rest of the city, Staten Island did record a whopping year-over-year increase of 226 percent.For Manhattan and Queens, the news was less dramatic. Foreclosures in Queens actually decreased 13 percent year-over-year during Q1 2018. Manhattan saw a 5 percent year-over-year decrease.You can read PropertyShark’s full Q1 2018 NYC foreclosure report by clicking here. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more