The chief executive of airport operator DAA, Kenny Jacobs, would receive a settlement in the region of €1 million under proposals that would see him leave the role. A mediation process involving lawyers representing Mr Jacobs and the board of DAA has intensified.

Staying with aviation, Minister for Transport Minister Darragh O’Brien will send a memo to Cabinet next month to begin the process of drafting legislation that will remove Dublin Airport’s 32 million a year passenger cap.

It’s long been referred to as the “pensions time bomb”, and new research this morning shows more than one in four Irish adults have no financial plans for their retirement while the number without a private pension has increased significantly since last year.