Aer Lingus will hold an EGM of its shareholders next month at which the board will seek approval for a €190.7m payment into new pension plans for past and present staff.

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.

Aer Lingus management has said it "reluctantly accepts" a recommendation from an expert panel that it should pay almost €200m towards the pensions of its current and former staff — though its shareholders must still give the green light.

The aviation pensions row is complex, but there may be light on the horizon, says Stephen Rogers.

The panel that examined the €780m deficit in the aviation pension scheme yesterday said the solution it was suggesting provides the "final opportunity" for members to get their "optimum level of future pension provision".

An expert panel set up to resolve the Aer Lingus pension dispute says the airline will have to spend more money to plug the fund's €780m deficit.

Siptu is to seek legal advice on how it can press ahead with strikes at the country’s airports in the event that the ongoing pensions dispute remains unresolved.

With less than 48 hours to go until strikes could bring the country’s main airports grinding to a halt, tens of thousands of intending passengers will only find out this afternoon whether an attempt to legally prevent the Siptu action has been successful.

The Dublin Airport Authority will next Tuesday seek an injunction preventing Siptu from closing Cork and Dublin airports for four hours on March 14.

The Government has launched its latest bid to avoid a crippling strike at the country's three biggest airport.

A four hour-stoppage by workers at Aer Lingus and the country’s three main airports on March 14 could ground hundreds of thousands of passengers both here and across the globe.

Aer Lingus has defended its decision not to up its €110m funding for a staff pension scheme saying it was never required to deliver 100% coordinated coverage.

Aer Lingus has announced a rise in revenue in its preliminary results for the year ended December 31, 2013.

Siptu will today count the ballot of its members in Aer Lingus to establish whether they, like their colleagues in the Dublin Airport Authority, are prepared to strike over the €800m hole in their pension scheme.

The Six Nations rugby tournament and people returning to Ireland for St Patrick’s Day are likely to be targeted in strikes at Aer Lingus.

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 board of Aer Lingus has backed recommendations made by the Labour Court last week, aimed at resolving its pension deficit woes and avoiding industrial action.

Industrial action is again on the cards at Dublin Airport Authority after staff said they were rejecting company proposals on the ailing pension scheme.

Monday’s strike by Aer Lingus ground staff will go ahead unless the airline management reverses its demand for work practice efficiencies in return for propping up the ailing staff pension scheme.

Air passengers face disruption from next week and over the Christmas period as Siptu steps up its row with Aer Lingus.

Today's emergency meeting of SIPTU's Aer Lingus' pension committee has concluded this evening as the threat of strike action still looms.

Aer Lingus passengers are facing disruption next month after talks between SIPTU and management at the airline broke down last night.

Aer Lingus has written to its shareholders to rubbish claims it may be forced to stump up €200m to shore up workers’ pension entitlements.

A strike threat by Aer Lingus airline and airport staff will not have any immediate impact on travellers, unions said.

TALKS are to begin next week on ways to address the rapidly escalating deficit in the pension scheme for the Dublin Airport Authority and Aer Lingus workers, now reportedly in the red by up to €600 million.

MERRION Stockbrokers has upped its 12-month share price target for Aer Lingus; noting that solving its €500 million pension deficit problem could be the key to creating stock value.