Etihad acquires nearly 3% stake in Aer Lingus
Published: May 3, 2012
Etihad Airways (EY) said Tuesday it has acquired a 2.987% stake in Aer Lingus ( ATW Daily News, Oct. 18, 2011 ). The airline said the purchase would forge a commercial partnership with the Irish national carrier.
The Irish government announced in September it would sell its stake in EI as part of efforts to reduce public debt ( ATW Daily News, Sept. 8 ).
EY 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.
EY has codeshare partnerships with 34 airlines around the world.