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Etihad buys stake in Aer Lingus in possible link-up deal

1 May 2012

Abu Dhabi-based airline Etihad has quietly acquired 2.987 per cent of Aer Lingus‘s shares over the past couple of months.

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.

Aer Lingus said Etihad had given an undertaking it does not intend to increase its shareholding pending the outcome of these discussions. Aer Lingus said: “‘There is no certainty as to the outcome of these discussions.’”


Etihad Buys into Air Seychelles

29 January 2012

Etihad Airways is buying a 40% stake in Air Seychelles. The Abu Dhabi-based carrier is investing $20 million in the airline and giving the carrier a $25 million loan. Air Seychelles also is receiving a $20 million capital infusion from the Seychelles government. The deal includes a five-year management contract and a state official says the new shareholder will name a new CEO and CFO.


Etihad and Air Berlin form an alliance

27 December 2011

Etihad Airways of Abu Dhabi and Air Berlin, Germany’s second-largest airline, announced a strategic partnership Monday that will see Etihad become Air Berlin‘s largest shareholder and gain access to new European routes as it seeks to keep pace with its larger Gulf-based rival, Emirates.

Under the terms of the agreement, Etihad will increase an existing 3 percent stake in Air Berlin to just over 29 percent through the purchase €73 million, or $95 million, in new shares while providing up to $255 million in loans to finance new jet purchases.

source: NY