Sunday April 5, 2020

Aer Lingus assets-for-bonds scheme mooted with NTMA

A scheme to swap Aer Lingus's assets for long-term bonds with the NTMA has been proposed as a way of tackling the airline's €722 million pension fund gap.

27th January, 2012
Aer Lingus has a €722 pension fund gap

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.

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