Shannon Airport's Passenger Boom Highlights Need for Strategic Infrastructure Development

01-07-2025


The Shannon Airport Group has underscored the critical need for increased investment in the southern region's infrastructure, leveraging its recent record-breaking passenger growth as a testament to the area's potential. With over 1.04 million passengers in the first half of 2025, marking a 7% increase from the previous year, the airport's success story is a clear indicator of the region's growing appeal and economic vitality.

Mary Considine, CEO of The Shannon Airport Group, has been vocal about the necessity of aligning the National Development Plan (NDP) with the region's infrastructure needs. The Group's submission to the government's NDP review emphasizes aviation's role as a cornerstone for economic growth, facilitating trade, tourism, and investment. This call to action seeks to ensure that the southern region's development is not left behind in the national agenda.

In addition to passenger growth, Shannon Airport's expansion efforts, including the addition of new routes and a fourth-based aircraft by Ryanair, highlight the airport's strategic importance. These developments not only enhance connectivity but also underscore the airport's role in driving regional and national economic development. The Group's ongoing investments in infrastructure and sustainability, such as the solar PV farm project, further demonstrate its commitment to long-term growth and environmental responsibility.

The Shannon Airport Group's advocacy for a more equitable distribution of capital investment is a pivotal moment for the southern region. As the airport continues to break records and expand its global reach, the need for supportive infrastructure and policy frameworks becomes increasingly apparent. The Group's efforts aim to secure a prosperous future for the region, ensuring that its economic potential is fully realized through strategic investment and development.

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Virtune Targets Broader European Distribution With New Sui Exchange-Traded Product

{'$date': '2025-10-02T17:08:35.424Z'}


Swedish digital asset manager Virtune has launched what it claims is Europe's most cost-efficient Sui exchange-traded product (ETP) on Euronext Paris, marking another step in the company's expansion across European markets. The Virtune Sui ETP, with the ticker VRTU, provides investors with exposure to the Sui cryptocurrency through a regulated, physically backed investment vehicle. This launch comes as Virtune continues to build its position as one of the leading issuers of regulated crypto ETPs in Europe.

The new ETP features an industry-leading 0.95% annual management fee, making it the most cost-efficient Sui ETP available to European investors. Virtune plans to further expand the product's distribution by listing it on local German exchanges, including gettex and Tradegate, to improve accessibility for German investors. The company has established itself as a trusted provider in the digital asset space, serving over 150,000 investors since its launch just over two years ago.

Security and regulatory compliance remain central to Virtune's approach, with Coinbase serving as the crypto custodian for all of the company's ETPs. The underlying crypto assets are held in cold storage, providing institutional-grade security for investors. This infrastructure supports Virtune's commitment to offering European investors secure, transparent, and regulated access to digital asset markets through traditional investment channels.

Christopher Kock, CEO of Virtune, emphasized the company's mission to make innovative digital assets more accessible to investors. "We are excited to launch the most cost-efficient Sui ETP in Europe, reinforcing our mission to make innovative digital assets more accessible to investors," Kock stated. The launch strengthens Virtune's position as it manages more than $475 million in assets across its product offerings, continuing its growth trajectory in the European digital asset management landscape.