‘Significant’ new wave of food inflation expected amid strengthening US dollar

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Seen & Heard: Wind farm finance; Lansdowne Place legal claims; Dublin Airport’s north runway; Louis Fitzgerald restaurant plans, AerCap’s insurance battle, KBC staff transfer

The industry is concerned that draft Maritime Area Consents – which developers of offshore wind farms must have before making a planning permission application – are currently “unbankable and uninsurable”.Developer Joe O’Reilly is facing lawsuits from apartment owners at Lansdowne Place, the high-end residential scheme in Ballsbridge, Dublin, according to the Sunday Times.

The plaintiffs are seeking damages for breach of contract and want the defendants to undertake remedial work that would render the properties “habitable”.Dublin Airport has seen just a 7.4 per cent increase in slot capacity despite the opening of its €320 million north runway, according to its slots co-ordination report for the 2023 summer season, as reported in the Sunday Independent.

Riady Trading Limited, which counts Mr Fitzgerald and his family as directors, has applied to Dublin City Council seeking permission for a change of use from the existing bank to a restaurant, the Sunday Independent reports.Almost 90 per cent of the aircraft subject to a multibillion euro lawsuit between AerCap and a group of insurers have been re-registered in Russia, the Business Post reports, citing legal documents filed by the lessor.

 

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