Trabber News

news about cheap fares and airlines from travel search engine Trabber

Etihad in talks to buy Aer Lingus stake

17 October 2011

Etihad, the fast-growing Middle Eastern airline, has approached the Irish government to buy its 25 per cent stake in flag-carrier Aer Lingus, people with knowledge of the move said.

The approach comes after the debt-laden Irish sovereign said in September it would sell its stake in the national carrier. Leo Varadkar, Ireland’s transport minister, said that he would not sell it for less than €1 per share, which would value the stake at €132.4m ($183m) and the airline at €529.6m.


Etihad extends Formula 1 sponsorship by 4 years

7 September 2011

Etihad Airways, the national airline of the UAE, and the Formula One Group signed an agreement extending the airline’s title sponsorship of the ‘Formula 1 Etihad Airways Abu Dhabi Grand Prix’ for four years, effective through to the 2015 event.

Etihad has been title sponsor for the event since the inaugural Formula 1 Etihad Airways Abu Dhabi Grand Prix in 2009. James Hogan, Etihad Airways CEO, and Bernie Ecclestone, Formula One Group CEO, were on hand to pen the multi-million dollar deal.