UP to 850 jobs are earmarked for the aviation sector when Shannon airport becomes an independent facility at the end of the year.
The Government has revealed that on December 31 Shannon will separate from Dublin Airport Authority (DAA), leaving the authority saddled with €100m worth of debt.
The airport will be merged with a restructured Shannon Development to form a new, publicly-owned, commercial entity in 2013.
Transport Minister Leo Varadkar and Enterprise Minister Richard Bruton said 850 jobs have been secured from two local companies as part of the plan for an international aviation services centre (IASC).
Mr Varadkar said the decision was historic and will free the board and management of Shannon airport, together with their employees, to bring a fresh approach to the future development of the airport.
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