Remind me again,
How much did Ryanair write off due to its attempt to take over Aer Lingus,
not counting legal fees which are still accruing ?
As to the Aer Lingus pension injection, while not agreeing with it,
at least most of the money will remain in Ireland and will help Irish families buy Irish goods and services, including flights, so do not look on it as money wasted.
Ryanair made €523 Million last year and already wrote off pretty much all the cost of the shares years ago as it is requried to so.
Aer Lingus made €61M and already stating that likely to be hit by 20% by staff strikes
BBC News - Aer Lingus warns of 20% profits hit
So based on assumming they make €50m in full year as indicated by Aer Lingus is forking out almost 4 times profits in cash.................love to know how they will pay for it.
As for helping Irish economy I think like most economies you can pretty much assume that a lot of this spend will go on imported foreign goods from China.