Etihad looks to Aer Lingus and tie up with Virgin
Posted 17/10/2011
Etihad has approached the Irish government to buy its 25 per cent stake in national carrier Aer Lingus, according to the Financial Times.
Debts have led to the Irish sovereign announcing in September that it would sell its share for no less than 1 Euro per share, valuing the stake at 132.4 million euros.
It is also reported that Etihad has been in talks with Virgin Altantic about a possible partnership should Virgin bid for BMI, the loss-making airline owned by Lufthansa.
IAG, the holding company of British Airways is the most likely buyer for Aer Lingus and the company, together with Spain’s airline Iberia, has already tabled an offer for BMI due to its important flight slots at Heathrow airport.
By Diane Evans
Originally published 17 Oct 2011 at: http://rss.feedsportal.com/c/398/f/5923/s/195616d3/l/0L0Stravelmole0N0Cstories0C11498190Bphp0Dmpnlog0F1/story01.htm
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