Wednesday December 11, 2019

Datalex seeks support to get Desmond deal over line

Airline software company urges shareholders to approve extra €5m in loans from businessman

Ian Guider

Markets Editor

14th November, 2019
Dermot Desmond has already provided €6 million to Datalex this year

Datalex, the troubled airline software developer, is seeking to shore up support for its latest emergency fundraising.

The company is raising a further €5 million in loans from Dermot Desmond, its biggest investor, and requires shareholder approval for the deal tomorrow.

In the last couple of days, the company has attempted to persuade shareholders that the loan from Desmond, who has already provided €6 million to Datalex this year, is the only option to help...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago