Irish Aviation Authority Act 1993

General duty of company.


16. (1) It shall be the general duty of the company—

(a) to conduct its affairs so as to ensure that the revenues of the company are not less than sufficient taking one year with another to—

(i) meet all charges and costs which are properly chargeable to its revenue account,

(ii) generate the capital it requires, and

(iii) remunerate its capital and pay interest on and repay its borrowings, and

(b) to conduct its business at all times in a cost-effective and efficient manner.

(2) Nothing in section 14 or this section shall be construed as imposing on the company, either directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.