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Old 11th Oct 2006, 13:54
  #287 (permalink)  
bear11
 
Join Date: Nov 2004
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Interesting background alright, Hobie! From the article:

"It was not clear how the pilots funded their purchase, but some sources suggested that funds from a pilots' pension scheme - The Irish Airline Pilots' Superannuation Fund - which is in surplus, may have been used."

A surplus in an Irish pension fund being used to buy 24 million Euro worth of shares? Pray, tell us more - obviously not the pension fund that had a large hole and was looking for 2-300 million Euro of the IPO money to plug it? I don't know any Irish pension funds in surplus - Mick O'Leary should give the people a job straight away running Aer Lingus.
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