€15m required for revival of Jetmagic

A REVIVAL of collapsed Cork based regional airline Jetmagic will require fresh investment of up to €15 million.

Cork Chamber of Commerce chief executive Michael Geary believes new investors will have to be found within two to three months if the airline is to get back into the air.

“We are ready, willing and able to help in whatever way we can, but at this stage it must be seen as a long shot,” he said.