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Irish local news and public records

CityJet awaits Revenue decision on survival scheme

By Aoife Loughran

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

CityJet’s survival scheme remained awaiting Revenue’s position at the High Court on 24 July 2020, with approval still pending.

Revenue, a creditor, sought clarification about potential litigation proceeds exceeding €50 million and whether that money would repay creditors.

The examiner recommended approval, while the airline supported the scheme, which was intended to retain 146 jobs in Ireland.

Sources

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