Flybe ‘would not inherit pension hole’

If Ryanair’s takeover of Aer Lingus goes ahead the low-cost airline will bear the cost of Aer Lingus’s €748m pension deficit, creating a clean sheet for Flybe Ireland.

The CEO of Flybe, Jim French, told the Irish Examiner that if the takeover goes ahead and Ryanair help creates a new airline, Flybe Ireland, the pension hole will be borne by Ryanair.

“All of the pension liabilities will remain with Ryanair,” said Mr French.