2-Nov-2010 12:24 PM

Mystery investor eyes Aer Arann stake

Aer Arann examiner Michael McAteer stated that a new investor was in discussions with the airline and was prepared to acquire equity in the airline (RTE Business, 01-Nov-2010). The unidentified investor reportedly stated that the capital injection would be conditional upon court approval of agreements with Aer Arann’s creditors. Under the terms of the most recent proposal, some creditors receive all the money owed to them while others will receive no more than 22% of what they are owed.

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