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Strategic shareholding needed in Aer Lingus

Photo: © Pat Flynn Clare Fianna Fáil Senator Timmy Dooley has called on the government to take a strategic shareholding in Aer Lingus to ensure and protect vital connectivity to the various regions of Ireland. As part of his call, the Senator also urged that any future request for funding be made available in return for a shareholding in the company and that the current loans provided by the Ireland Strategic Investment Fund (ISIF) be converted into shares. Speaking in the Seanad, Senator Dooley commented, “Airlines have begun to plan for the recovery following the pandemic. They’re looking at closing bases, they’re looking at staff layoffs and they’re looking at routes that won’t reopen – they have done so already in Shannon.

East Clare Councillor Leads Calls For Government To Reclaim Aer Lingus Shares

Clare FM 25th May 2021 © Pat Flynn An East Clare Councillor is leading calls in this county for the government to ask for a stake in Aer Lingus as a condition of providing it further financial supports. It comes as Clare’s public representatives have pledged to engage with Cabinet ministers to attempt to reverse the airline’s decision to permanently close its cabin crew base at Shannon. It’s believed Aer Lingus is looking for up to 150 million euro from the Ireland Strategic Investment Fund. CONTINUE READING BELOW The government sold its 25 percent stakeholding in the airline to private investors in May 2015.

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