Aer Lingus to meet pension trustees

Aer Lingus is looking to meet with the trustee of the pension fund following the rejection of a plan to plug a €750m hole in the company’s pension scheme by the pensions regulator.

The trustees of the Irish Airlines Superannuation Scheme (IASS) received a letter from the Pensions Board chief executive, Brendan Kennedy, rejecting the Aer Lingus plan as it would fail to meet the minimum funding standards set by the board.

A spokesperson for the airline said that they are looking for an immediate meeting with the trustee.