Aer Lingus and DAA told to correct pension shortfall

An independent panel has recommended that Aer Lingus and the Dublin Airport Authority (DAA) make an extra contribution of €146.7 million to help correct a deficit in the Irish Airlines Superannuation scheme. The scheme is a joint pension scheme for workers at Aer Lingus, Dublin Airport Authority and former employees of SR Technics. The scheme is more than €780 million in deficit. The panel’s recommendation is higher than the €110 million contribution that was previously recommended by the Irish Labour Court in 2013. The demands come after Aer Lingus posted a profit warning last week, in addition to the airline’s