logo-loader
viewAER Lingus Group plc

Etihad CEO 'very happy' to discuss Ryanair's Aer Lingus stake

airport350_502e11e64b284.jpg

Abu Dhabi headquartered airline Etihad Airways has said it would be very happy to increase its stake in Irish carrier Aer Lingus (LON:AERL).

Etihad currently owns a three percent stake in Aer Lingus, while Ryanair (LON:RYA) and the Irish government own stakes of 29.8 percent and 25 percent respectively.

“Dublin is a strong, profitable route for us and we're very keen to strengthen our partnership there,” said chief executive of Etihad James Hogan in a phone interview with Bloomberg.

Hogan said he would be “very happy to have that discussion” with Ryanair.

Back in June, Ryanair made its third attempt to acquire the remaining interest in Aer Lingus, which was subsequently rejected by the board.

It said at that time that if Etihad bought the government’s stake, it would negotiate the sale of its interest in the airline.

The government had previously opposed a Ryanair takeover on competition grounds, but has now put its stake up for sale as part of its bailout agreement with the EU.

 

Quick facts: AER Lingus Group plc

Price: - -

LSE:AERL
Market: LSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Silver Range Resources preparing for busy year ahead with...

Silver Range Resources (CVE: SNG) President and CEO Mike Power joined Steve Darling from Proactive Vancouver to discuss the prospect generator with a number of projects in interesting jurisdictions including Nevada. Power told Proactive about Nevada and why the company loves working there. He...

31 minutes ago

2 min read