Aer Lingus sale feeds €350 million investment fund

The government is finalising plans to launch a €350 million fund using the proceeds of the Aer Lingus sale for a variety of ‘connectivity’ projects, The Sunday Business Post has learned.

The cash haul from the sale of the state’s 25 per cent stake in Aer Lingus will be managed by the Irish Strategic Investment Fund (ISIF), the successor to the national pension reserve fund.

The spending binge will include investments in roads, ...