Court accepts Aer Arann rescue plan

The High Court has approved a rescue plan for Aer Arann, allowing the airline to come out of examinership.

Yesterday, Ms Justice Mary Finlay Geoghegan said she was satisfied to approve the scheme of arrangement prepared by the airline’s examiner, Michael McAteer of Grant Thornton, once certain modifications are made to the scheme.

The scheme had been approved by the majority of the airline’s creditors.