Monday, March 30, 2009

Aer Lingus to enter discussion with Airbus

Aer Lingus pulled forward the date of it's April board meeting to Friday of last week in the wake of the recent poor share price performance and the continuing threat to it's cash pile which is dwindling at an alarming rate. The board sanctioned the airline's management to open discussions with Airbus with a view to either deferring deliveries on 4 long haul aircraft on order or to swap the order value for short haul aircraft. The airline's long haul services are under pressure and are understood to have been losing money for the past two years. 
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