Judge and Revenue have ‘significant concerns’ over Aer Arann’s survival plan

A JUDGE has expressed “serious and significant concerns” about a survival scheme for Aer Arann and has adjourned to next week a hearing that would allow the company come out of examinership.

The court also heard that the Revenue Commissioner’s are objecting to the scheme because under its terms it would get €181,000 of over €1 million it is owed.

Yesterday Ms Justice Mary Finlay Geoghegan said that she had “great concerns” over the scheme put together by Aer Arann’s examiner, Michael McAteer of Grant Thornton.