A scheme to swap Aer Lingus's assets for long-term bonds with the National Treasury Management Agency (NTMA) has been proposed as a way of tackling the airline's €722 million pension fund gap.
Aer Lingus's assets are valued at €1.4bn.
The government is seeking to sell its 25 per cent stake in the airline to raise money.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team