Aer Arann ATR 72-500. Photo: Courtesy, Aer Arann. Aer Arann's examinership, the Irish equivalent of US Chapter 11 bankruptcy protection, was extended by the Irish High Court following the signing of a conditional investment agreement on Monday that gives the carrier "a reasonable prospect of survival as a going concern," the court decided. Meanwhile, the appointed examiner is in the process of finalizing a so called "scheme of arrangement" and intends to ...

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