The National Pensions Reserve fund in
Aer Lingus is in need of investment. With the open skies deal with Europe and
The object of the fund is “securing the optimal return over the long-term subject to prudent risk management”. Prudent as in cautious, sensible, careful. Ask any economist what is the most volatile industry in the world and I would guess that that many of them would say Airlines. Look at all the airlines that have gone bust in recent years. A website here lists 57 from November 2003 to December 2004. Major National carriers like Swissair, Sabena have gone to the wall. Many others have just managed to scrape through with massive losses. Aer Lingus it’s self just managed to survive thanks to major restructuring. And this is the industry that Labour want to invest what is basically the countries life savings.Which is supposed to be prudently, cautiously, sensibly, carefully invested. It really is complete and utter irresponsible lunacy.
When asked why
As for these mythical Heathrow slots. What business would sell slots into the busiest