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Thread: Etihad Acquires Nearly 3% Stake in Aer Lingus

  1. #1
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    Lightbulb Etihad Acquires Nearly 3% Stake in Aer Lingus

    ATW Online: Thursday May 3, 2012
    Etihad Acquires Nearly 3% Stake in Aer Lingus
    Etihad Airways (EY) said Tuesday it has acquired a 2.987% stake in Aer Lingus (EI) (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.

    By Linda Blachly
    Ruinair may see this as rubbing salt in the wound..
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  2. #2
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    Default Re: Etihad Acquires Nearly 3% Stake in Aer Lingus

    EY never made a profit
    FR seems to make money hand over fist

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    Default Re: Etihad Acquires Nearly 3% Stake in Aer Lingus

    Borrowed from thread: Footie Season 2011/12, Post #849, May 13, 2012:

    Quote Originally Posted by Billy No Mates View Post
    Billy's interesting fact #631: Ryanair boss Michael O'Leary is a huge Man City fan. Ryanair own 29% of Aer Lingus and have twice tried to take them over. Man City's main sponsors are Ethihad who have recently acquired 4% of Aer Lingus and have also made their intentions clear that they would like to increase this shareholding.....
    Hmmm
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    Default Re: Etihad Acquires Nearly 3% Stake in Aer Lingus

    ATW Online: Friday July 27, 2012
    Etihad predicts Irish expansion
    Etihad Airways (EY) anticipates an imminent expansion of its relationship with Irish flag-carrier Aer Lingus (EI), EY president and CEO James Hogan said in London Friday.

    Speaking to ATW, he said the Abu Dhabi-Dublin route had been "very successful" for the UAE carrier and "you'll see more developments in coming weeks."

    EY holds a stake of just under 3% in EI (ATW Daily News, May 3). The Irish government, which holds a 25% stake in the national carrier, plans to sell it off to help relieve its strained finances. "We've always said that when the Irish government divests we're very keen to look at it, but they've not approached us on that," Hogan said. "Until that's timetabled I can't say any more."
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    By Alan Dron
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