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Nine News: Will Goodbody reports that the airline's chairman remains hopeful it can be saved and that it has a viable future despite the appointment of an interim examiner
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Morning Ireland: Andrew Kelly, Aer Arann's Director of Corporate Affairs, explains the problems that led to the decision to seek examinership
Speaking to RTÉ, Padraig O'Ceidigh said there was a strong possibility that the airline would survive.
Aer Arann has said it is in negotiations with potential investors after being placed into interim examinership yesterday.
Mr O'Ceidigh declined to comment on the identity of the investors.
The regional airline, which has accumulated €18m in debt, said it will continue to operate flights as normal.
The company sought examinership following losses sustained during the volcanic ash crisis, on top of heavy losses in recent years.
The case will be heard in full in the High Court in two weeks.
Aer Arann Islands is not affected by this development.
