Aer Lingus Bill 2003

Public bill · Government · Presented

The Aer Lingus Bill 2003 would allow the Minister for Finance to sell some or all of the State’s shares in Aer Lingus and create a legal framework for private investment. It would support an employee share-ownership scheme, allow Aer Lingus to issue different types of shares, permit changes to worker representation on its board, and enable the airline to establish its own pension schemes. It would also repeal outdated airline legislation and require Aer Lingus to repay about €6.35 million, plus interest, previously advanced by the State.

Formal long title

Bill entitled an Act to provide for the holding, transfer, disposal, exchange and sale of shares in Aer Lingus Group public limited company by the Minister for Finance, to provide for the issue of shares by that Company, to provide for matters relating to superannuation schemes of that Company and its subsidiaries, to provide for matters relating to Aerlinte, to provide for the amendment of the Air Companies Act 1966, to provide for the amendment of the Worker Participation (State Enterprises) Acts 1977 to 1993, to provide for the repeal of certain enactments and to provide for related matters

Last updated 20 November 2019