Businessman seeks to renew €80m in loans

Donegal businessman Jim McGettigan is in crunch talks with AIB about renewing almost €80 million in loans to his Bonnington Group, which has hotels in Ireland, Britain and Dubai. Talks between the

13th November, 2011

Donegal businessman Jim McGettigan is in crunch talks with AIB about renewing almost €80 million in loans to his Bonnington Group, which has hotels in Ireland, Britain and Dubai.

Talks between the group and the bank have been ongoing for some time, and Bonnington's directors believe they can reach a formal renewal agreement with AIB.

However, they have warned that the hotel and property business "would cease to be a going concern" if the loans...

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