October 01, 2016 3:38 PM ET

Transportation Infrastructure

Company Overview of daa plc

Company Overview

daa plc develops, operates, and manages Dublin and Cork airports. The company engages in airport retail management and investment, and property development activities, as well as in duty free shopping and related activities. It also provides financial, consultancy, and car park consultancy services. The company was formerly known as Dublin Airport Authority plc and changed its name to in daa plc in November 2014. daa plc was founded in 1937 and is headquartered in Dublin, Ireland.

Dublin Airport

Dublin,  

Ireland

Founded in 1937

3,300 Employees

Phone:

353 1 814 1111

Fax:

353 1 814 4120

Key Executives for daa plc

Chief Executive, Director and Member of Cork Airport Committee
Age: 50
Chief Financial Officer
Head of Operations
Chief Executive of Great Southern Hotels
Chief Executive Officer of ARI
Compensation as of Fiscal Year 2016.

daa plc Key Developments

daa plc Ceases Annmarie O'sullivan as Member of the Board

daa plc announced that AnnMarie O'Sullivan ceased to be a member of the board with effect from 13 May 2016 consequent upon the completion of her term of office.

Dublin Airport Authority Sells EUR 400 Million of Debt; Plans to Develop New Runway in Dublin

Dublin Airport Authority returned to the bond market for the first time in eight years, selling EUR 400 million of debt as it seeks to buy back more expensive near-term borrowings. DAA, responsible for Dublin and Cork Airports, said holders of some EUR 259.4 million of its remaining EUR 550 million of 2018 bonds took up an offer in the past week to sell their notes back to the company. While the 2018 securities had a coupon, or interest rate, of 6.59%, the new bonds, which mature in 2028, were priced to yield 1.554% per annum. The move comes a day after fellow State-owned group ESB sold a EUR 600 million 15-year bond as it took advantage of surging demand for corporate debt as the European Central Bank prepares to start buying investment-grade company bonds this month. The company prepared to develop a new runway in Dublin. The runway will cost EUR 320 million. Airlines support the project but have challenged the cost, which was originally set at EUR 243 million in 2014.

daa plc Plans to Build New Runway at Dublin Airport

daa plc has announced its plans to build a new runway at Dublin Airport. The 3,110 meter runway will be built 1.6km north of the existing main runway and is expected to be delivered in 2020. Dublin Airport is investing in the region of EUR 320 million in this multi-faceted project which will comprise multiple contracts and packages of works. Dublin Airport received planning permission in August 2007 to build a new runway, but the plans were put on hold due to the economic downturn and subsequent fall in passenger numbers. However, the recovery in passenger numbers, particularly in the past two years, has been significant. The continuation of growth at Dublin Airport is dependent on having sufficient capacity available to satisfy future demand. The development of the new runway will further enhance Dublin Airport's economic impact which currently supports or facilitates a total of 97,400 jobs in the Irish economy. The overall impact includes almost 16,000 people employed directly at the airport campus by daa, airlines and other companies, the multiplier effects that flow from that employment, and the other sectors of the Irish economy that are facilitated by Dublin Airport.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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