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Aer Arann creditors agree to debt scheme

25-Oct-2010 12:42 PM

Aer Arann announced it has taken another step towards exiting examinership after a majority of the airline’s creditor classes agreed to a proposed scheme of arrangement to settle their debts (The Irish Times, 23-Oct-2010). Aer Arann’s creditors are expected to received EUR2.2 million from new investor The Stobart Group.