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Provisions | 12 Months Ended
--- | ---
Mar. 31, 2023
Provisions. |
Provisions | 13. Provisions ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | At March 31,
​ | ​ | ​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | ​ |  | €M |  | €M |  | €M
Provision for aircraft maintenance on leased aircraft (a) | ​ | ​ |  | 169.8 |  | 98.8 |  | 53.2
Provision for pension obligation (b) | ​ | ​ |  | 4.5 |  | 4.5 |  | 4.5
​ | ​ | ​ |  | 174.3 |  | 103.3 |  | 57.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | At March 31,
​ | ​ | ​ |  | 2023 |  | 2022 |  | 2021
(a) Provision for aircraft maintenance on leased aircraft | ​ | ​ | ​ | €M |  | €M |  | €M
At beginning of year | ​ | ​ |  | 98.8 |  | 53.2 |  | 75.4
Increase in provision during the year | ​ | ​ |  | 71.0 |  | 55.6 |  | 37.3
Utilization of provision upon the hand-back of aircraft | ​ | ​ |  | — |  | (10.0) |  | (59.5)
At end of year | ​ | ​ |  | 169.8 |  | 98.8 |  | 53.2
​ ​ During fiscal year 2023, the Company returned 1 Airbus A320 aircraft held under lease to the lessor. During fiscal year 2022, the Company returned 3 Boeing 737 (2021: 11) aircraft held under lease to the lessors. ​ The expected timing of the outflows of economic benefits associated with the provision at March 31, 2023, 2022 and 2021 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
​ |  | Value |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter
​ |  | €M |  | €M |  | €M |  | €M |  | €M |  | €M
At March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for leased aircraft maintenance |  | 169.8 |  | 19.8 | ​ | 30.1 |  | 10.4 |  | 5.4 |  | 104.1
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
​ |  | Value |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter
​ |  | €M |  | €M |  | €M |  | €M |  | €M |  | €M
At March 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for leased aircraft maintenance |  | 98.8 |  | 9.2 |  | 23.3 |  | 56.7 |  | 9.6 |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
​ |  | Value |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter
​ |  | €M |  | €M |  | €M |  | €M |  | €M |  | €M
At March 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for leased aircraft maintenance |  | 53.2 |  | 10.3 |  | 4.1 |  | 11.5 |  | 24.3 |  | 3.0
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | At March 31,
​ |  | ​ | ​ | 2023 |  | 2022 |  | 2021
(b) Provision for pension obligation | ​ | ​ | ​ | €M |  | €M |  | €M
At beginning of year |  | ​ | ​ | 4.5 |  | 4.5 |  | 4.5
Movement during the year |  | ​ | ​ | — |  | — |  | —
At end of year |  | ​ | ​ | 4.5 |  | 4.5 |  | 4.5
​ See Note 20 to the consolidated financial statements for further details.

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