It might be worth noting EI is one of the few profitable airlines in Europe currently and manages to be so relatively independently and without global alliance.
Precisely. Just an update, unions will meet with the DAA Wednesday afternoon and with Aer Lingus Thursday afternoon.
All very well Jack but how again are they going to fund this €140 million for one pension scheme and whatever is required for the other.
I have no idea what there plans are to fund the €140m, but with large and growing cash reserves I'm sure management will weigh up the pro's and con's to touching that ~ For the pilots, it seems legal advice given to Aer Lingus and to IALPA by its own legal team, show little liability for Aer Lingus. At the same time, Aer Lingus won't leave its pilots high and dry so there will be compromise but I understand it will not involve financial contribution on behalf of Aer Lingus.