The new debt deal is the second facility agreed between ISIF and Aer Lingus and follows a €150m debt facility agreed in December 2020.
ISIF and Aer Lingus have agreed commercial terms on the structure, pricing and repayment of the loan. Nick Ashmore, ISIF Director, said the Aer Lingus facility will help the airline enhance Ireland's global links and make it easier for Irish businesses to access export markets and connect with international customers and investors.
Elizabeth Haun, Aer Lingus Chief Financial Officer, said the pandemic has had a very damaging impact on Aer Lingus's business, causing operating losses of €347m in 2021 and €361m in 2020.
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