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Thread: Could Aer Lingus Go Bust?

  1. #1
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    Default Could Aer Lingus Go Bust?

    Given the standoff between management and Unions, and the 750 million pension hole, is it conceivable that Aer Lingus will join the ranks of Sabena, Alitalia, Swissair, and American Airlines and declare bankruptcy???

    Aer Lingus staff to strike next month over pension deadlock - National News - Independent.ie

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    Politics.ie Member hammer's Avatar
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    Declare bankruptcy ? Why ?

    The only losers re the pension shortfall will be the employees

    If the strikes bring the business to a halt, the only losers will be the employees

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    Politics.ie Member gijoe's Avatar
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    There is no obligation on Aer Lingus to make any additional payments to the fund so if it does fail it will the Unions that bring it down. If management cave in and give up their cash buffer to meet the pension deficit then the next crisis in aviation will close Aer Lingus.

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    Politics.ie Member Tin Foil Hat's Avatar
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    It wouldn't be the first time a bunch of unionised dimwits postured themselves out of their jobs.
    Now is not the time for industrial action in the airline industry, ffs. A child would know it.

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    Politics.ie Member hammer's Avatar
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    How long could AL employees survive without pay ?

    The employees are in a very poor bargaining position at this moment in time.

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    traditionally airline strikes elicit zero public sympathy...

    Could you imagine Dublin Airport with no Aer Lingus???

    Could this be Ryanairs golden moment to get rid of their biggest Irish competitor by urging a standoff in the boardroom??

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    Politics.ie Member odlum's Avatar
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    It's illogical. Would the employees rather work constructively to sort this out over time or not have a job at all?

    Any employee who strikes in this environment is completely brain dead. I'd hope they would use their common sense. How long could the airline go losing 2m a day?

  8. #8

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    Nope. Michael O will swoop in on his low-cost no frills white steed and save the day.
    Somebody grab the script!

  9. #9
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    Quote Originally Posted by hiker View Post
    Given the standoff between management and Unions, and the €750 million pension hole, is it conceivable that Aer Lingus will join the ranks of Sabena, Alitalia, Swissair, and American Airlines and declare bankruptcy???

    Aer Lingus staff to strike next month over pension deadlock - National News - Independent.ie
    According to a recent report some DAA staff may receive pensions up to 78% of final salary-
    http://www.google.ie/url?sa=t&rct=j&...hLaAmLgYKSPadw

    Is there a similar expectation in Aer Lingus? If so it is no wonder that there might be a massive hole in the fund.
    Is there any chance that some journalist might shed some light on the specific pension issues of Aer Lingus?

  10. #10

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    I have to say that I would miss Aer Lingus if they went out of business, but if the price we have to pay is to roll over and allow the unions to set ridiculous pension rates, then it's too high a price for having a "national airline". The Belgians and Swiss have lived perfectly well without Sabena and SwissAir.
    Thank you for the six thousand likes.

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