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.
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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