Aer Rianta.

Dáil Éireann Debate, Tuesday - 23 November 2004

Tuesday, 23 November 2004

Ceisteanna (68)

Richard Bruton

Ceist:

111 Mr. R. Bruton asked the Minister for Finance if he is satisfied with the payments made to terminate the employment of the chief executive of Aer Rianta; and the papers which were presented to him in this respect before he issued his approval. [29879/04]

Freagraí scríofa

Minister for Finance (Mr. Cowen)

I refer the Deputy to my previous reply of 14 October. The previous Minister, as shareholder, indicated his consent to arrangements, outlined to him by the chairman of Aer Rianta on 24 September last, concerning the package the board proposed to make to the deputy chief executive who was leaving the company. I understand that the proposed package included a lump sum of two and a half times salary, a contribution to pension fund, payment of a bonus and retention of company car.