Ireland helps carrier Aer Lingus
Another injection of public money equal to 200 million Euros
The Irish Government has provided an injection of public funds amounting to 200 million Euros via the Irish Strategic Investment Fund (ISIF) to help the national flag carrier Aer Lingus, a company controlled by the International Airlines Group (Iag), which also has British Airways and Spain's Iberia in its portfolio.
Dublin's decision aims to financially support the airline after the armed conflict in Ukraine and the resurgence of the Covid-19 pandemic negatively impacted demand for the Irish carrier's air travel and fuel prices. The 200 million Euros received by the airline is in addition to the 150 million Euros already obtained in December 2020 due to the health crisis.
In this way, Dublin seeks to repair the company's balance sheet, which today marks -708 million Euros, after having accumulated losses in 2020 and 2021. The opening of this new credit line will also serve to launch a plan to relaunch the airline.
AVIONEWS - World Aeronautical Press Agency