O’Leary: ‘€40m wiped off airline’s pension fund’

RYANAIR has told Aer Lingus staff the Government’s shareholding in the company has taken €40 million from their pension fund.

This was in response to a controversial briefing document from Fianna Fáil that said the Government’s standoff position on the removal of Shannon’s Heathrow slots had protected the airline’s share price.

Ryanair chief executive Michael O’Leary said this logic was not consistent with the Government’s successful attempt to block his proposed buyout of Aer Lingus.