Tony Killeen
Ceist:163 Mr. Killeen asked the Minister for Transport, Energy and Communications if he has satisfied himself that the State's capital injection of £175 million in Aer Lingus is being prudently used.
Vol. 444 No. 6
163 Mr. Killeen asked the Minister for Transport, Energy and Communications if he has satisfied himself that the State's capital injection of £175 million in Aer Lingus is being prudently used.
The Government decision approving the £175 million equity investment in Aer Lingus provided that the equity would be paid in three tranches — £75 million in 1993, £50 million in 1994 and £50 million in 1995. I am satisfied that the first tranche of £75 million paid in 1993 is being expended as envisaged.