Air Companies Act, 1966

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Advances to Aer Lingus and Aerlinte by Minister for Finance.

4.—(1) For the purpose of enabling Aer Lingus to perform its functions the Minister for Finance may, on the recommendation of the Minister, advance from time to time to that company such sums not exceeding one million pounds as it may from time to time request.

(2) For the purpose of enabling Aerlinte to perform its functions the Minister for Finance may, on the recommendation of the Minister, advance from time to time to that company such sums not exceeding one million pounds as it may from time to time request.

(3) Advances under subsection (1) or (2) of this section shall be made on such terms as to repayment, interest and other matters as may be determined by the Minister for Finance.

(4) All sums paid by Aer Lingus or Aerlinte in repayment of an advance under subsection (1) or (2) of this section or in pursuance of any term or condition subject to which an advance was made under this section shall be paid into or disposed of for the benefit of the Exchequer.