Etihad buys stake in Aer Lingus

uggboy · May 2, 2012

Etihad buys stake in Aer Lingus

Etihad Airways has bought a 2.987 per cent stake in Aer Lingus.

The deal follows much speculation that the Abu Dhabi airline would invest in the airline; the amount is certainly a lot less than the 29% it now has in Air Berlin, although originally it started with a similar-sized stake in the German carrier.

In a statement, Etihad said the purchase reflected "its desire to forge a commercial partnership with the Irish national carrier".

It currently operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July 2007.

The airline has a premium lounge at Dublin Airport, an engineering maintenance facility and has conducted recruitment drives across the country. Recently it renewed its sponsorship of the Gaelic Athletic Association, signing a five-year deal.

Click here for readers' comments on the story.

For more information, visit etihad.com

SOURCE: http://www.businesstraveller.com/middle-east/news/etihad-buys-stake-in-aer-lingus

To fly with Etihad is a joy and Aer Lingus remains more convinient than any other airline to fly to Europe from Ireland, a perfect match and we will see how Etihad maybe invests more into the airline in the future.

rwoman · May 2, 2012

We're copying each other today...I posted this in the Other Airlines - Europe forum.

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Etihad buys stake in Aer Lingus

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