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DAA Signs Heads of Agreement with Lynxs for New Shannon Cargo Facility
Dublin Airport Authority (DAA) has signed heads of agreement with US company Lynxs to develop a new global air freight hub at Shannon Airport.
Under the agreement, Lynxs is planning to construct a new temperature controlled freight logistics facility at Shannon with infrastructural support from DAA. This new state-of-the-art facility will now be marketed to both existing freight and logistics companies at Shannon and to potential new customers both domestically and internationally. The signing of heads of agreement confirms the commitment of both parties to the project and enables Lynxs to move to the next phase of its due diligence process. “We are delighted to have signed heads of agreement with Lynxs, as this enables them to move to the next stage of the project and begin detailed due diligence,” said DAA Chief Executive Declan Collier. “We wish them every success in this process and will continue to work with Lynxs to agree a final binding agreement for the new Shannon cargo facility over the coming months.” The new cargo hub will provide significantly improved facilities for Shannon’s existing cargo businesses and will radically re-position the airport’s cargo capabilities. The Lynxs facility will include chilled, frozen and heated areas for cargo which would enable Shannon to bid for more high value, high volume freight business. Shannon Airport has a large industrial hinterland that generates significant amounts of commercial freight. At present, much of this business is transported by road to other airports outside Ireland and the Lynxs facility would aim to repatriate much of that business and also grow Shannon’s overall cargo throughput. The wider region also has a strong manufacturing base with companies transporting large amounts of cargo out of and into Ireland. Shannon Airport Authority (SAA) Chairman Brian O’Connell also welcomed the signing of the heads of agreement by DAA and Lynxs. “Lynxs will give Shannon Airport an excellent opportunity to exploit its central location between the major economies of the US, Europe and Asia and to develop as a significant cargo destination,” Mr O’Connell said. “Shannon has always led the way in international air trade, with its pioneering duty free and Free Trade Zone operations, and more recently with the successful US Customs & Border Protection (CBP) passenger and general aviation pre-clearance facility,” Mr O’Connell added. “The opportunity of extending CBP to cargo at a future date could develop a whole new range of leading edge air cargo services at Shannon Airport, which would bring substantial investment, employment and more business to the region.” According to Mr O’Connell, Shannon’s position on all the major trade routes, its profile as a well- established entry point between US and EU customs, the success of the existing CBP facility, and the industrial base in the region are major attractions for Lynxs. Ends About Lynxs The Lynxs Group is an international air cargo property developer based in Austin, Texas. It has 12 facilities in the United States and four projects underway in Europe. The privately owned company was established in 1994. For further information contact: Paul O’Kane, DAA Tel 353 1 8141897, 353 86 6090221
Dublin Airport Authority (DAA) has signed heads of agreement with US company Lynxs to develop a new global air freight hub at Shannon Airport.