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

20th December, 2020
CIE to seek further support to weather lockdown slump
Bus Éireann Expressway and Airlink airport routes, will result in it needing a further bailout.

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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