Jetbird’s losses reached €11.4m

THE entrepreneur Domhnal Slattery’s Jetbird venture accumulated losses of €11.4 million before the appointment of a wind-down manager for the ill-fated project.

The Co Clare man established the company in 2008 with plans to offer cut-price point-to-point air travel to executives in Europe from 2010.

However, accounts filed by Jetbird (Europe) Ltd show the company had retained deficits of €11.4m at the end of December 2009.