Courts / Dublin / Report
Revenue yet to decide if it will support CityJet survival plan
Summary
The Revenue Commissioners have not yet decided whether to oppose a High Court application to approve a survival scheme for CityJet. Mr Justice Michael Quinn heard that Revenue seeks clarification from the airline's court‑appointed examiner, Kieran Wallace of KPMG, on key issues. Wallace recommends approval, but James Doherty SC notes it is unclear if Revenue will support a scheme that would retain 146 Irish jobs. The hearing to approve the scheme is scheduled for next week. Revenue, a creditor, has voted against the scheme in earlier creditor meetings and wants to know how potential €50 million in cash from litigation will be allocated. Revenue will decide whether to oppose the application once it receives the requested clarifications. CityJet's counsel, Rossa Fanning SC, supports the scheme.
Who, what, where, when and why
What: Report matter: Revenue yet to decide if it will support CityJet survival plan. Procedural stage: hearing_or_decision
When:
- 2020-07-24 Publication
Places mentioned
- High Court
Topics
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