Thursday 5 July 2012

Abu Dhabi's Etihad wants to keep Aer Lingus stake-FT | Reuters

Etihad Airways is not willing to sell its 2 percent stake in Aer Lingus, the Irish flag carrier subject to a takeover bid by Ryanair, the Financial Times reported on Thursday.

President and Chief Executive of Etihad James Hogan was quoted as saying "we are not selling", giving his backing to Aer Lingus's current management and its strategy.

Hogan said in February that Etihad was interested in the possibility of purchasing the Irish government's 25 percent stake in the carrier.

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