CIE to seek further support to weather lockdown slump
Rescue package of €205 million this year won’t be enough to counter drop in passenger numbers on top of earlier deficits
CIE, the state-owned transport company, will require additional taxpayer support in 2021 after requiring a €205 million rescue package this year to make up for falling transport numbers.
The company lost €26 million in 2019, down from €41 million in 2018, but losses in 2020 and 2021 at its commercial arms, which include Bus Éireann Expressway and Airlink airport routes, will result in it needing a further bailout.
The company’s pension fund deficit swelled by €230 million to €770...
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