Aer Lingus (Dublin) has a new partner. Etihad Airways (Abu Dhabi), still on its spending spree, has acquired a 2.987 percent share of the Irish flag carrier. Aer Lingus has issued the following statement:
“Aer Lingus Group plc is aware of speculation that Etihad Airways has acquired a shareholding in the Group. Aer Lingus confirms that Etihad has acquired a holding of 2.987% of the Group’s issued share capital. Etihad has stated to Aer Lingus that it does not intend to increase this stake, pending the outcome of the discussions referred to below.
Aer Lingus and Etihad are engaged in discussions which to date have focused on reciprocal code-share opportunities. Future discussions may explore additional commercial and cost opportunities to develop a closer working relationship in areas such as joint procurement. Aer Lingus views these discussions as a natural progression of its successful Greenfield cost reduction program. There can be no certainty as to the outcome of these discussions.”
Copyright Photo: Antony J. Best.
Aer Lingus Slide Show: CLICK HERE
Etihad Airways Slide Show: CLICK HERE