Airline survival plans to be heard

THE High Court has extended court protection for Aer Arann to Friday next when it will be asked to approve survival plans for the troubled airline.

Ms Justice Mary Finlay Geoghegan was told yesterday a majority of the airline’s creditor classes had met and approved the scheme of arrangement put forward by examiner Michael McAteer.

Rossa Fanning, for the examiner, said that, of 16 creditor classes, 12 had voted on the proposals of which nine were in favour. Four meetings were inquorate and these would be reconvened this week.