Even before a global pandemic grounded international travel, CityJet was dealing with financial turbulence. The Irish airline was haemorrhaging money; impacted by a host of factors ranging from currency fluctuations to technical support failures, the company was operating on fumes. Covid-19 made a bad situation untenable. With few options, it asked the court to appoint an examiner to restructure its balance sheet. The airline survived, albeit as a much smaller entity as part of a scheme that necessitated €500 million in creditor write-downs and mass redundancies. Given the scale of the numbers involved, little attention was given to a disputed…

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