Urgent bid to fast-track Aer Lingus flotation

The government is urgently working to resolve a €336 million pension deficit at Aer Lingus in order to fast-track a €1 billion flotation of the airline.

Officials in the Department of Finance are understood to be working on several options, including a plan to issue new shares in the company before a flotation. These shares would be placed in a trust and used to partially offset the potential pension liability.

Sources in the ...