Belfast Telegraph

Etihad increases stake in Aer Lingus

By John Mulligan

There is fresh speculation that Abu Dhabi-based airline Etihad wants to intensify its relationship with Aer Lingus after it paid almost €10m (£8.5m) to increase its stake in the Irish carrier.

It marks the second time in two weeks that Etihad has upped its stake in Aer Lingus.

Etihad raised its holding in Aer Lingus again after buying nearly six million shares last week bringing its stake to 4.11%, a holding now worth €36m (£30m).

It came just days after Ryanair lost an appeal against a UK Competition Commission order to reduce its stake in Aer Lingus from almost 30% to no more than 5%.

Belfast Telegraph