Thursday 12 December 2019

Aer Lingus calls EGM for vote on pension fund deficit

The proposed refurbished former Aer Lingus HQ in Dublin Airport
The proposed refurbished former Aer Lingus HQ in Dublin Airport

AER LINGUS has called an extraordinary general meeting of its shareholders as it seek approval for a contribution of just over €190m to plug a gap in its pension fund.

At the meeting scheduled for December 10, management will be recommending acceptance of the deal

The fund in question is the joint Aer Lingus/Dublin Airport Authority scheme which has a deficit of about €750m.

The current scheme is to be frozen and employees will move to a new defined contribution scheme.

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