Irish regional Aer Arann last week said it filed a petition to enter into examinership, the Irish legal process similar to Chapter 11 bankruptcy in the US. A Sept. 8 court hearing to consider the petition has been set. Aer Arann CEO Paul Shultz recently told ATW, "It is fair to say that we had a difficult two years" in 2008 and 2009 (ATW, June 1). As a privately held company, the carrier does not publish financial results, but it admitted in the examinership petition it lost ...

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