Strong Performance by the Irish Aviation Authority in 2012
The Irish Aviation Authority (IAA) had a record profit performance in 2012 with operating profits up 27% to €22.9m and total assets of €213.1m with a turnover of €175m. A dividend of €5m was paid to the shareholder.
The IAA oversees the safety and security of Irish Civil Aviation, provides Air Traffic Management (ATM) services in Irish Airspace and State Airports and communications services on the Eastern North Atlantic. It receives no funding from the state and 75% of its income is earned from international sources
The IAA and the Irish Aviation Industry had a solid safety performance in 2012. The Irish Aircraft register stood at almost 1,200 aircraft with a significant growth of 34% since 2009 in large aircraft due to consistent development of the large carriers and the Irish based aircraft leasing industry.
In 2012, the IAA provided ATM services to over 300,000 en-route flights and almost 200,000 terminal flights as well as communications services to 400,000 flights on the north Atlantic. The IAA’s ATM charges are amongst the lowest in Europe and down 8.9% on 2011 for overflights. Charges for airport terminal traffic were down 21% on 2011. Its ATM system is one of the newest and most technologically advanced systems worldwide.
Eamonn Brennan, Chief Executive, Anne Nolan, Chairman
Commenting on the results the Chairman, Anne Nolan credited the performance to the dedication and commitment of the Board, Management and Staff of the IAA in putting safety first, controlling costs, driving efficiencies and giving customers quality services at competitive prices.
Eamonn Brennan CEO commented that “the IAA is a safe, innovative company recognised by the International Civil Aviation Organisation (ICAO) for our safety oversight performance and by airline customers as being responsive to their operational requirements. We are placed 3rd in Europe for safety oversight by the ICAO and we received a 91% customer satisfaction rating in 2012. The IAA is well positioned for future development and success”
View 2012 Irish Aviation Authority Annual Report
View 2012 Financial and Operating Highlights
ENDS
For more information contact:
Tony lane
Tel: +353 1 603 1199 / Mob: +353 86 7911864
Email: tony.lane@iaa.ie