Court hears upbeat assessment of Aer Arann's future

Court hears upbeat assessment of Aer Arann's future

The High Court has today heard that Aer Arann still has a reasonable prospect of surviving as a going concern.

The Examiner appointed to the regional airline told the court that a conditional investment agreement had been signed today, and he was finalising his "Scheme of Arrangement", which will be circulated to creditors in the coming days.

Justice Mary Finlay Geoghegan approved the continuation of the examinership and another court hearing has been scheduled for October 22.

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