Aer Lingus CEO Dermot Mannion and CFO Sean Coyle agreed to waive a controversial new clause in their contracts that provided for a €2.8 million ($3.8 million) parachute payment for Mannion if they left EI following its acquisition. Ryanair, which has offered to buy its rival, claimed the payments proved that EI did not foresee a future as an independent carrier (ATWOnline, Jan. 8). The amount of Coyle's prospective payment was unclear. "We have no hesitation in terminating this ...

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