Martin Cullen (Waterford, Fianna Fail)

I will address that issue presently. The future funding requirements and ownership structure of Aer Lingus have been the subject of extensive analysis and debate over the past number of years. The future of the company is being considered by a dedicated Cabinet sub-committee and has been debated in the House on a number of occasions. My Department and the Department of Finance have commissioned studies on the matter. Throughout this time, the board, management and staff of Aer Lingus have done a fantastic job in maintaining the airline's competitiveness and expanding its business in an industry which is widely regarded as one of the world's most dynamic. The quick turn around of the company's performance following the events of 11 September 2001 is a testament to the commitment of all involved. Standing still and seeking to preserve the status quo is not an option for Aer Lingus or any other airline.

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