Agreed its a reasonably good deal IF that really is the end of it once and for all, although Pilots pension separate I believe
This won't be the end of it as that was supposed to be the €100 M plus given on floatation plus the free shares to employees etc etc.
In total Aer Lingus has given €100M to pension scheme on floatation as a final one off gesture, paid €30 M to Irish taxation authorities for redundancy screwup, now given €110M to pension fund (again) as a final one off gesture, will pay employees a "stabilisation" figure and at a guess we talking circa €15-20 million plus increasing contributions to 10% for everyone which will probably add €40 million to the cost base. Rougly €300 million of cash out for nothing in return.
Kinda hard to run an airline when there is a hand perpetually out for more and getting it.
And enjoy the weekend too
