Aer Lingus yesterday made the move to pay its employee share ownership trust (Esot) €25.3 million to clear its debt, which was held by Anglo Irish Bank. These borrowings relate to stock bought at the time of the company’s market debut in 2006 when the Esot subscribed for 15.5 million shares. That transaction took its holding in the airline to 12.5%. Aer Lingus has paid for the deal out of its gross cash reserves, which stood at €952 million at the end of September. This deal has allowed the Esot to distribute 66.6 million shares to its 4,700 members. This

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