Air Companies (Amendment) Act, 1993

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Number 38 of 1993


AIR COMPANIES (AMENDMENT) ACT, 1993


ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Share capital of Holding Company.

3.

Acquisition of shares in Holding Company, etc.

4.

Purchase of additional shares of Holding Company by Minister for Finance.

5.

Profit sharing schemes.

6.

Amendment of section 1 of Principal Act.

7.

Amendment of section 1 of Air Companies (Amendment) Act, 1976.

8.

Directors of the Holding Company, etc.

9.

Appointment of chairman and directors to existing companies, etc.

10.

Remuneration of certain chief officers, etc.

11.

Amendment of section 17 of Principal Act.

12.

Construction of “air company” in section 20 of Principal Act.

13.

Amendment of Worker Participation (State Enterprises) Acts, 1977 to 1991, etc.

14.

Provisions relating to air companies generally.

15.

Alteration, etc., of memoranda and articles of association of air companies, etc.

16.

Provision of moneys for payments under this Act out of Central Fund, etc.

17.

Expenses.

18.

Repeal.

19.

Short title, construction and collective citations.


Acts Referred to

Air Companies Act, 1966

1966, No. 4

Air Companies (Amendment) Act, 1976

1976, No. 36

Companies Act, 1963

1963, No. 33

Companies Acts, 1963 to 1990

Worker Participation (State Enterprises) Act, 1977

1977, No. 6

Worker Participation (State Enterprises) Act, 1988

1988, No. 13

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Number 38 of 1993


AIR COMPANIES (AMENDMENT) ACT, 1993


AN ACT TO PROVIDE, CONSEQUENT ON THE INCORPORATION OF A COMPANY AS AER LINGUS GROUP PUBLIC LIMITED COMPANY, FOR THE EXCHANGE OF SHARES OF THE MINISTER FOR FINANCE IN AER LINGUS PUBLIC LIMITED COMPANY AND IN AER-LÍNTE ÉIREANN PUBLIC LIMITED COMPANY FOR SHARES IN AER LINGUS GROUP PUBLIC LIMITED COMPANY, TO PROVIDE FOR THE TAKING UP BY THE SAID MINISTER OF FURTHER SHARES IN AER LINGUS GROUP PUBLIC LIMITED COMPANY, TO AMEND AND EXTEND, IN PARTICULAR IN RESPECT OF AIR COMPANIES AND SUBSIDIARIES THEREOF, THE AIR COMPANIES ACTS, 1966 TO 1983, AND THE WORKER PARTICIPATION (STATE ENTERPRISES) ACTS, 1977 TO 1991, AND TO PROVIDE FOR MATTERS CONNECTED WITH THE AFORESAID MATTERS. [22nd December, 1993]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: