Lynx, an American freight company, has announced that it is to setup an international freight and logistics hub at Shannon Airport.
An agreement between the US based company and the Dublin Airport Authority outlines that a new temperature controlled logistics facility will be constructed with infrastructure support from the DAA.
This new state-of-the-art facility will now be marketed to both existing freight and logistics companies at Shannon and to potential new customers both domestically and internationally, the airport authority said.
“We are delighted to have signed heads of agreement with Lynxs, as this enables them to move to the next stage of the project and begin detailed due diligence,” said DAA Chief Executive Declan Collier. “We wish them every success in this process and will continue to work with Lynxs to agree a final binding agreement for the new Shannon cargo facility over the coming months.”
However the announcement come in the wake of increased speculation that Shannon Airport is to be privatised. Shannon Airport has been making losses for sometime, with many in the local community feeling that the DAA has ignored Shannon’s passenger carrying capabilities.
Minister for Transport, Leo Varadkar, said this week that the present organisational model is ‘not tenable’ and that ‘Both Cork and Shannon Airports are sustaining losses and all options are being considered, except that of state aid’.
The Board of the Shannon Airport Authority has also stated that they would recommend separating the Midwest airport from the DAA and leasing it out to a private company for 15 to 35 years.
The airport has long been considered one of the main arteries of tourism in the region, connecting the west of Ireland with the lucrative North American tourism trade.