Etihad Airways takes 3% stake in Aer Lingus

Tue, 05/01/2012 - 06:05 EDT - France24.com - Business

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Etihad Airways, the United Arab Emirates carrier said Tuesday it has acquired a 2.987 per cent stake in Irish airline Aer Lingus.Etihad said the "purchase reflected its desire to forge a commercial partnership with the Irish national carrier," adding that "a possible partnership could produce significant commercial benefits for both airlines."The airline did not give financial details of the deal nor say where it had acquired the shares from. The Irish government holds 25 percent of Aer Lingus but earlier this year said it wanted to sell its stake.

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Etihad Airways takes stake in Aer Lingus
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Etihad Airways takes 3% stake in Aer Lingus

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