Oireachtas Joint and Select Committees

Friday, 24 July 2020

Special Committee on Covid-19 Response

Covid-19: Impact on International Travel

Photo of Matt ShanahanMatt Shanahan (Waterford, Independent) | Oireachtas source

I am in agreement with Mr. Cullen and I think that we will arrive at that position. I would like to see it being progressed and I ask other Oireachtas Members to support it. It is the obvious and logical thing to do.

In regard to the cash burn that Mr. Cullen spoke about at Aer Lingus, we are aware that Ireland is probably the leading centre in the world for aircraft leasing. I imagine that one of the main operational costs on the airline's books at this time is the repayment of leases. I am sure a lot of that could be extended out, which would be the normal practice. Does Mr. Cullen know what portion of the €1.5 million per day which he says is being burned at Aer Lingus is made up of that component?

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