Another 'golden circle' appointee to DAA board
26-May-2009 |
Airline Code [RYR]
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Tags :UK, Ryanair
Ryanair, Ireland’s largest airline,condemned the decision of the Government to replace one failed (Anglo Irish) bank director, Gary McGann, as Chairman of the DAA airport monopoly, with another failed bank director, David Dilger, who has been a Director of Bank of Ireland Plc since 2003. Ryanair said this appointment is totally inappropriate and confirms that the “golden circle” of failed bank directors is alive and well and still being appointed to Boards of Semi-State companies by this clueless Government.
Ryanair believes that none of the small “golden circle” of failed bank directors are appropriate or acceptable to tax payers as directors of Semi-State companies having presided over €euro billions of bad debts in the Irish banks which has necessitated them being bailed out twice in recent months, firstly by a Government guarantee of their deposits and then by a Government recapitalisation program which has wiped out the investments and savings of many thousands of small bank shareholders and pension funds.
Ryanair’s Michael O’Leary announced“It is simply unbelievable that one failed banker Gary McGann was forced to resign as Chairman of the DAA airport monopoly following his failure as a Director of Anglo Irish Bank, only for this Government to replace him with another failed banker, David Dilger, who has also been a director of Bank of Ireland Plc since 2003. This appointment shows utter contempt by this Government for the many thousands of small shareholders and pensioners who have had their life savings ruined by these failed bankers over the last 12 months.
“The fact that Mr Dilger was a participant in the near bankrupting of Bank of Ireland necessitating its bail out by the Government makes him one of the golden circle of “Banksters” who should be unfit to be Chairman of a semi-state company, even one as badly run as the DAA airport monopoly.
“Minister for Transport, Noel Dempsey should now explain why he is appointing Mr Dilger as Chairman to the DAA airport monopoly. What skills does he have other than being one of the golden circle of failed bankers? Perhaps Mr Dempsey also asked Sean Fitzpatrick or Michael Fingleton if they were available or fancied this semi-state plum? This appointment is an abuse of Irish taxpayers.“It is not appropriate or acceptable to Irish taxpayers that this small “golden circle” of failed bank directors is being appointed to Chair semi-state monopolies by Noel Dempsey”.
(c) Centre for Asia Pacific Aviation. Date posted: 26-May-09
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Another 'golden circle' appointee to DAA board 
