Irish Aviation Authority to give €9m to State as profits hit almost €40m

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The Irish Aviation Authority (IAA) has reported a 18.3pc rise in operating profits to €39.5m on a turnover of €191.9m in 2016. The equivalent figures in 2015 were operating profits of €33.4m and turnover of €183.4m

The IAA is to cough up a €9.2m dividend to the State shareholder, an increase of 24.3pc over last year. The IAA is responsible for the provision of Air Traffic Management (ATM) in Irish-controlled airspace (covering some 451,000 square km), aeronautical communications on the North Atlantic, and the security oversight and safety regulation of the civil aviation industry in Ireland.

Eamonn Brennan, CEO of the Irish Aviation Authority

Eamonn Brennan, CEO of the Irish Aviation Authority

The IAA receives no operational or capital funding from the State. Its revenues are generated through charges and fees from the aviation industry. Eamonn Brennan, IAA Chief Executive, said, “I am very pleased with our 2016 results and I want to take the opportunity to thank all our staff for their role in achieving this very strong and consistent performance. Investments in technology and our continuing high performance and efficiency programme ensure that we can maintain our position as a leading aviation regulator and service provider.”

Traffic at Irish State airports and through Irish controlled airspace increased by over 8pc and the IAA safely managed just over 1.1 million flights last year. Airline customers gave the IAA with an overall satisfaction rating of 92.5pc in 2016 (based on performance scores from the IAA’s top 30 airline customers).

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“Safety is our number one priority. We are independently audited by the European Aviation Safety Agency (EASA) and the International Civil Aviation Organisation (ICAO) and I am pleased to report that we continue to be recognised as having one of the leading jurisdictions for oversight in Europe and the world. Furthermore, in November 2016, the IAA was in first position out of 47 States for the EUROCONTROL CANSO Standard of Excellence survey in Safety Management Systems and maturity measurement,” added Mr Brennan.

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