Results 27,741-27,760 of 32,961 for speaker:Paschal Donohoe
- 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.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: In other words, the proposed protections to be enshrined in the articles-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----cannot be changed in the future without the agreement of the State shareholder, the Government.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Despite the clear network plans, the plans by airport and the protection of slots by airport that have been outlined, some Deputies continue to try to scaremonger by referring to job losses that happened at Iberia following its merger with BA to create IAG. I heard some Opposition spokespeople refer to the great company of Aer Lingus and say this would be another nail in the coffin of a...
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Shame on them for drawing that comparison.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Let us consider the difference between the two companies. Iberia was in financial distress at the time of its merger with BA. It had been loss making for several years before their merger occurred.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Aer Lingus is profitable having undergone significant restructuring over many years.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Even though they are aware of these facts, the reason they brought such focus on what happened with Iberia is because they want to draw attention away from one of the main reasons the Government is supporting this transaction, which is to maintain high-quality employment and to create more jobs in the future-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----with the plans in place and the target for the 635 jobs by 2020.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: Let us consider the existing workers and the work that has taken place within Government over many months.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: This has been acknowledged by many backbench speakers in recent days. The chief executive of Aer Lingus-----
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: -----has confirmed in writing Aer Lingus's position on registered employment agreements.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: He has committed to doing two further things with registered employment agreements.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: He has committed to expanding the scope of registered employment agreements.
- Aer Lingus Share Disposal: Motion (Resumed) (28 May 2015)
Paschal Donohoe: He has committed to expanding the number of workers who will be covered by the same registered employment agreements. One of the great ironies is that all of the speakers who have complained about a debate that has gone on for two days-----