Judge expresses 'serious concerns' about Aer Arann survival prospects

A judge has expressed "serious and significant concerns" about a survival scheme for Aer Arann and has adjourned to next week a hearing that would allow the company come out examinership.

The High court also heard that the Revenue Commissioners are objecting to the scheme on the grounds that it being treated unfairly because under the terms of the proposed scheme it would get a smaller dividend than other creditors.