Clare founded company McInerney Homes has entered examinership as it seeks a restructuring of its debts believed to be in the region of 200 million euro.
The order was sought by parent company McInerney holdings and the case will be heard in full before the High Court in two weeks time but the firm will operate as normal in the interim.
McInerney was founded by Clare man Thomas McInerney in 1909 and one of its first major projects was the new jet runway at Shannon airport.
Meanwhile
Aer Arann is insisting that customers will not be affected by the fact that an examiner’s been appointed to the company.
The High Court has appointed Michael McAteer of Grant Thornton to implement a restructuring plan at the airline.
It’s suffered 18 million euro in losses since 2008, and was badly hit by the volcanic ash crisis.
