Wednesday July 8, 2020

Will Aer Lingus deal take flight?

IAG is taking the political temperature on its bid to buy the national carrier, with concessions expected in an effort to help drive the deal through

Barry J Whyte

Chief Feature Writer

1st February, 2015
An Aer Lingus advertising poster from the 1950s

On December 10, dozens of Aer Lingus pensioners descended on Dublin Airport’s Radisson hotel.

Inside, shareholders were voting on a plan that would inject €190.7 million into and restructure the company’s ailing defined contribution pension plan, known as the Irish Airlines (General Employees) Superannuation Scheme.

A sizeable chunk of the 15,000 people in the pension plan weren’t happy, however, especially the thousands of already retired members who faced swingeing cuts to their...

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