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Dáil

Ceisteanna—Questions. Oral Answers. - State Investment in Aer Lingus.

asked the Minister for Finance the total amount of State investment in Aer Lingus.

Comment on this

I assume that the Deputy's reference to Aer Lingus is intended to include both Aer Lingus Teoranta and Aerlinte Éireann Teoranta. The authorised share capital of these companies is £41.5 million. and the issue capital is £38.6 million. Of the latter amount £23.6 million is held by me, the balance of £15 million of Aer Lingus shares being held by Aerlínte. In addition an irredeemable loan of £5 million has been advanced by the Exchequer to Aerlínte. The total State investment in the air companies is, therefore £28.6 million.

Comment on this

Is there any private investment, apart from State investment, in Aer Lingus?

Comment on this

No.

Comment on this

Would the Minister tell me whether any dividend is payable?

Comment on this

No. There is no private investment.

Comment on this