Results 27,941-27,960 of 33,175 for speaker:Paschal Donohoe
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----and following reflection, it should be embraced.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: There must be openness to new opportunities-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----while admitting, as many speakers have done, that there are no certainties in life and that risk is always present.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Ireland and Aer Lingus are ready for this change.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: I am confident that supporting this offer is the right decision for this Government and the Dáil. It is in the best interests of the airline, its employees-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----those who will work in the company in the future, the travelling public, job creation and the overall economy.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: I am seeking the approval of this House to proceed on the basis of the general principles I have laid before it. I commend the motion to the House.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Of course, we know the answer. The answer to all of this is its famous wealth tax we hear so much about. That tax would not only be levied on the companies it despises-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: ----- but it would also be levied on every individual in this country, including the workers in Aer Lingus. Their colleagues on the Independent benches included the cheerleaders of the boom like Deputy Shane Ross and the cheerleaders of gloom, like Deputies Clare Daly and Ruth Coppinger.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: They have engaged in their normal approach of parliamentary indignation.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: If it was not for the fact that they speak in the same tone about every matter brought before the House, there might have been other reasons for taking their points seriously.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: I want to respond to a number of legitimate points that were put to me-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: ----- regarding maintaining the connectivity to Heathrow Airport, retaining the Aer Lingus brand and its head office in Ireland. Subject to the approval of Aer Lingus shareholders, these connectivity commitments will be enshrined in the articles of association to give them legal effect.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: The Minister for Finance will retain one share in the company, the class B share-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----which will be redesignated as a new class of share-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----with certain rights attached to it.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: The prior consent of the Minister for Finance, in consultation with the Minister for Transport, Tourism and Sport of the day, will be required by Aer Lingus before taking any action inconsistent with the connectivity commitments.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Some Deputies have suggested there would be nothing to prevent the articles being changed in future under IAG ownership, negating the value of this share.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: This is absolutely not the case.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Under the provisions of the proposed articles, which have been agreed with IAG, any alteration of either the rights attaching to the B share or the articles themselves that affect the rights attaching to the B share in any way, would require the consent of the B shareholder, the Minister for Finance of the day.