Employees back pension plan at Aer Lingus

Aer Lingus intends to hold a shareholder vote next month to formally approve its pension deficit solution, after employees yesterday voted in favour of its funding plan.

The airline is set to pump another €50m into the €780m deficit-lumbered Irish Aviation Superannuation Scheme (IASS) — the main pension fund for its employees and those of the Dublin Airport Authority.

This would bring its total contribution to €190m. Yesterday saw over 70% of Siptu, Impact and TEEU-affiliated Aer Lingus employees vote in favour of the proposal, which will now go to a shareholder vote/EGM in mid-December.