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Directors of the air companies.
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12.—(1) The number of directors of Aer Lingus shall be such number not exceeding seven as the Minister may, with the consent of the Minister for Finance, from time to time determine.
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(2) The number of directors of Aerlinte shall be such number not exceeding seven as the Minister may, with the consent of the Minister for Finance, from time to time determine.
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(3) The number of directors of Aer Rianta shall be such number not exceeding five as the Minister may, with the consent of the Minister for Finance, from time to time determine.
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(4) The directors of the air companies shall be appointed by the Minister with the consent of the Minister for Finance.
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(5) A director of an air company may be removed from office at any time by the Minister with the consent of the Minister for Finance.
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(6) The directors of the air companies shall hold office upon such terms and conditions as the Minister may, with the consent of the Minister for Finance, determine when appointing them.
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(7) (a) A managing director or joint managing director of an air company may, if the Minister so thinks fit, be appointed from time to time from amongst the directors of the company by (but only by) the Minister with the consent of the Minister for Finance and shall hold the office to which he is appointed for such term and upon such terms and conditions (including terms and conditions relating to superannuation benefits) as may be determined by the Minister with the consent of the Minister for Finance.
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(b) A person appointed to an office under this subsection may be removed from office at any time by the Minister with the consent of the Minister for Finance.
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(8) Notwithstanding anything contained in this section, a person who immediately before the commencement of this Act held office as a director of any of the air companies shall, subject to the terms and conditions upon which he was appointed, continue in office as such director until the expiration of the period for which he was appointed as if this Act had not been passed.
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