independent

Friday 18 April 2014

FitzPatrick entitled to free flights until 2012

Former Anglo chief Sean FitzPatrick at his Greystones home earlier this year.

SEAN FitzPatrick was appointed to the board of Aer Lingus in March 2004 by the then Transport Minister Seamus Brennan.

At the time, Mr Brennan said that given the "substantial challenges" that lay ahead for the airline, he was pleased to have secured directors of the "highest calibre" who would help the airline to meet its commercial challenges.

At the time the chief executive of Anglo Irish Bank since 1986, the press release by the Department of Transport noted that Mr FitzPatrick had been "instrumental in building the bank into a highly successful and profitable financial institution".

Fees

During his four-year tenure at Aer Lingus, he served on the audit, risk and appointments committees. The airline's annual reports note he was paid €120,500 in fees during this period. They also note that he attended most board meetings.

As a serving director, he was entitled to concession -- or free -- travel on all Aer Lingus services. This applied to business travel on behalf of the company, and for holiday travel.

It did not apply to other business activities. Where available, he was entitled to travel business or first-class and was a member of the Aer Lingus Gold Circle, which allowed him to relax in executive lounges while waiting for flights. As a former director, the airline has confirmed his concession-travel privileges apply for the same length of time as he served on the board. Appointed in March 2004, he left in December last year. This means that the free travel perk applies until 2012.

Irish Independent

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