Donohoe: Aer Lingus €150m loan shows need for recovery fund

Over 90% of the ISIF investments in 2020 were given to businesses impacted by the Covid-19 pandemic

Paschal Donohoe, Minister for Finance. Picture: Moya Nolan

Finance Minister Paschal Donohoe has said the €150m three-year loan agreed with Aer Lingus is an “excellent example of the need for the pandemic stabilisation and recovery facility”, which is being managed by the Ireland Strategic Investment Fund (ISIF).

The Minister's comments come after the Taoiseach, and Ministers in the Cabinet’s economic sub-committee, were briefed last week that the cost of the third lockdown in January exceeded expectations.