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Home > Business > Irish Business
Airline software specialists Datalex to repay $6.5m warehouse debt over seven years
Datalex, the Irish-listed airline software specialist backed by billionaire Dermot Desmond, has agreed a seven-year deal with Revenue to repay its warehouse debt of $6.25m (€5.83m). The seven year phased payment arrangement (PPA) is longer than most agreed between Revenue and other companies. A report in the Irish Independent from June said 95pc of PPAs will be completed within the standard five years, with Revenue allowing 600 of them to be stretched out over longer time frames. During a call with analysts
