The South East looks to be on course for the return of commercial flights, following a major investment.
Billionaire siblings the Comer Brothers have reportedly agreed to pay around 20 million Euro, to buy a majority stake in Waterford Airport.
The regional airport hasn't operated commercial flights since 2016 and the additional funding is likely to progress plans for the construction of a runway extension.
According to the Independent, a significant investment programme's included in the acquisition price, and will begin almost immediately.
The paper reports that existing shareholders including the county councils of Waterford, Kilkenny and Wexford will have their stakes diluted as a result of the sale.
Planning permission for an almost 900 metre runway extension at the airport was granted earlier this year.
Reports also suggest that the return of commercial flights to the regional airport could result in 1,120 outbound flights annually.