May 01 2012 |
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Etihad confirms stake in Aer Lingus
The two also investigating possibility of joint procurement
Etihad Airways believes a possible partnership could produce significant commercial benefits for both airlines.
Etihad Airways 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.
Etihad Airways has strategic codeshare partnerships with 34 airlines around the world.
Abu Dhabi-based Etihad airline has acquired a 2.987 per cent stake in Aer Lingus over the past couple of months, according to an Irish daily.
Under stock market rules, Etihad is not required to disclose its shareholding until it has passed the 3 per cent threshold.
"Aer Lingus last night confirmed it was in discussions with Etihad in relation to reciprocal code-sharing arrangements. The two airlines are also investigating the possibility of joint procurement opportunities," Irishtimes.com, the online edition of Irish Times said in a news report.
Nevertheless, the paper quoted Aer Lingus as saying that Etihad had given the Irish airline an undertaking that it does not intend to increase its shareholding pending the outcome of the discussions.
"There is no certainty as to the outcome of these discussions," the paper quoted Aer Lingus as saying.
© Emirates 24|7 2012
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