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Air Companies (Amendment) Act, 1983

In short

This law allows the Minister for Finance to buy more shares in Aerlínte Éireann, Teoranta, and increases the limit on how much the Minister can guarantee for loans taken by Aer Lingus, Teoranta, and Aerlínte Éireann, Teoranta.

What it regulates

Who it concerns

Key points

📄 Legal text
Air Companies (Amendment) Act, 1983 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1983 Air Companies (Amendment) Act, 1983 Air Companies (Amendment) Act, 1983 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 3 of 1983 AIR COMPANIES (AMENDMENT) ACT, 1983 ARRANGEMENT OF SECTIONS Section 1. Power of Minister for Finance to acquire further shares in Aerlínte. 2. Provision of moneys for payments under this Act out of Central Fund. 3. Alteration of memorandum and articles of association of Aerlínte. 4. Guarantee of Minister for Finance of borrowings by Aer Lingus and Aerlínte. 5. Short title and collective citation. Acts Referred to Air Companies Act, 1966 1966, No. 4 Air Companies (Amendment) Act, 1976 1976, No. 36 Companies Act, 1963 1963, No. 33 Number 3 of 1983 AIR COMPANIES (AMENDMENT) ACT, 1983 AN ACT TO PROVIDE FOR THE TAKING UP BY THE MINISTER FOR FINANCE OF FURTHER SHARES OF AERLÍNTE ÉIREANN, TEORANTA, AND TO INCREASE THE LIMIT ON GUARANTEES OF BORROWING BY AER LINGUS, TEORANTA, AND AERLÍNTE ÉIREANN, TEORANTA, BY THE SAID MINISTER. [15th March, 1983] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Power of Minister for Finance to acquire further shares in Aerlínte. 1.—In addition to the shares held by him in Aerlínte Éireann, Teoranta, by virtue of section 2 of the Air Companies Act, 1966 , the Minister for Finance may subscribe for further shares (of any class) of Aerlínte Éireann, Teoranta, to an amount not exceeding in nominal value £60,000,000. Provision of moneys for payments under this Act out of Central Fund. 2.—All moneys from time to time required by the Minister for Finance to meet sums which may become payable by him under this Act shall be paid out of the Central Fund or the growing produce thereof. Alteration of memorandum and articles of association of Aerlínte. 3.—Aerlínte Éireann, Teoranta, shall take such steps as may be necessary under the Companies Act, 1963 , to alter its memorandum and articles of association to make them consistent with this Act. Guarantee of Minister for Finance of borrowings by Aer Lingus and Aerlínte. 4.—The Minister for Finance shall not so exercise the powers conferred by section 2 (1) of the Air Companies (Amendment) Act, 1976 , that the amount or the aggregate amount of principal which he may at any one time be liable to pay on foot of any guarantees under section 2 (1) (a) of that Act for the time being in force (together with the amount of principal which the said Minister has previously paid on foot of any such guarantees and has not been repaid) exceeds £150,000,000 and, accordingly, section 2 (2) of that Act, is hereby amended by the substitution of “£150,000,000” for “£75,000,000”. Short title and collective citation. 5.—(1) This Act may be cited as the Air Companies (Amendment) Act, 1983. (2) The Air Companies Acts, 1966 to 1978 and this Act may be cited together as the Air Companies Acts, 1966 to 1983. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.