Seanad debates

Wednesday, 27 May 2015

10:30 am

Photo of Ivana BacikIvana Bacik (Independent) | Oireachtas source

Like other Members, I am also reading through the details of the agreement. There is a commitment to 600 new jobs by 2020 and a net 150 new jobs by the end of next year. The 50 job losses that are being projected will be catered for through voluntary severance or deployment. Accordingly, we are going to see significant and enhanced growth in jobs as a result of this deal, should it come about.

We must also remember Ryanair controls 30% of Aer Lingus shares. Since Fianna Fáil sold off the Government controlling share in 2006, the Government has lost the ability to veto the sale.

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