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Dublin: 13 °C Saturday 25 May, 2013

Etihad eyes Ryanair’s Aer Lingus stake

Abu Dhabi based airline says it has also been in talks to buy Irish Government’s stake.

Image: D464-Darren Hall via Flickr/Creative Commons

ETIHAD AIRWAYS SAYS it is interested in buying Ryanair’s 30 per cent stake in Aer Lingus.

Speaking to Bloomberg, the airline’s CEO James Hogan said it would be “very happy to have that discussion”. Dublin was a strong and profitable route for the Abu Dhabi head-quartered airline and it was “very keen” to strengthen its partnership here.

Etihad already owns 3 per cent of the Irish flag carrier, and says it has already had talks about buying the Irish Government’s 25 per cent stake in it. The Middle East based company has made investments in several other airlines, including Air Berlin, Air Seychelles and Virgin Australia Holdings.

Ryanair has been vying to take control of Aer Lingus since the end of 2006, when it first bought shares in it. The low cost carrier, which owns 29.82 per cent of the airline, has already offered to buy out other Aer Lingus shareholders in a deal that values it at €694m.

Aer Lingus has opposed the deal, saying the EU is likely to veto it on competition grounds.

Aer Lingus traffic figures increase with summer surge>

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Comments (22 Comments)

  • With BA effectively getting rid of it’s Aer Lingus Dublin London codeshare, this will mean even easier access to Asia from Dublin. No more trekking from T1 in LHR to T5, with the BA/Aer Lingus combo.

    Reply
    • BA are still using T1 for their irish flights – thank goodness they seem to be leaving from gate 8 – rather than that trek to Siberia where gate 82 – 90 hide

      Oh, and I still see a few BA codeshares with Aer Lingus on the booking websites for my monthly flights from the US to Dublin (or is it the otherway round, I lose track!)

      Reply
    • That’s my point Thomas, BA are introducing there own routes DUB/LHR, they will get rid of the code shares with Aer Lingus. We will then have 2 good options for true long hall, Eithad going East and BA Going West. That would make me a happy man.

      Reply
    • The only problem there pierce is that a lot of Irish customers also use LHR to connect to BA services to Africa, South America and The Urals which BA will still take off Aer Lingus’ hands!

      Reply
  • John F 16/08/12 #

    As a Non EU company, How much of Aer Lingus are Etihad allowed to own? Would be excellent news if Etihad launched flights to USA west coast (San Francisco, LA) using Dublin as a stopover!

    Reply
  • This is excellent news. I hope Etihad succeeds. I’d far prefer an airline with a proven track record in good customer service to buy into Aer Lingus than Ryanair.

    Reply
    • John F 16/08/12 #

      Lets not forget that the reason Etihad provide such an excellent service is because they are backed by unlimited capital (Arab Oil Wealth) , unfortunately Aer Lingus and Ryanair are not so lucky and have to cut corners to remain profitable.

      Reply
    • Id be very very concerned if either Aer Lingus or Ryanair were “cutting corners” as you out it! Deliver the absolute basics perhaps but never cutting corners, that’s how accidents happen!

      Reply
    • Brat 16/08/12 #

      Not saying that Ryanair cuts corners and I believe their planes to be safe but wouldn’t it be interesting to know how many maintenance technicians who work on Ryanair planes choose not to fly with them and why?

      Reply
    • Brat Ryanair are very safe….. I’m a maint tech and what happens is the lads are quite happy to fly before they join the industry but the minute they see an aircraft opened and what’s holding it together that why they don’t fly!

      Reply
  • Etihad would bring so much more to the table than Ryanair. Imagine M O Leary having control of up to 85% of flights / Passengers from Dublin (on Radio this morning) I think id have to emigrate! Dublin as a stopover for Etihad would add significantly to the local economy here.

    Reply
  • I think we all knew this was coming. I’m not against the idea.

    Reply
  • Never suggested Ryanair does or doesn’t cut corners on maintenance. Maybe they do maybe they don’t.They do however put pressure on pilots to take the minimum legal fuel, which in this case caused them to declare emergencies.There are Ryanair memos circulating the media attesting to this.

    My opinion is Ryanair = Safety second and efficiency and profits first.Appears to me the pilots were in the holding pattern for way too long as to avoid the company having to pay for hotels for the passengers and associated knock on effects. Safety first would be to divert straight away, safety second, well lets stick it out and use all our fuel and hope we get in.Didn’t hear of any Iberia/easyjet or other airlines doing the same.Wonder why that is?

    Idiot joe public will fly with them anyway, so I’m sure Ryanair don’t give a rats.

    Reply
  • Is this Common practice.. Really? Apart from Ryanair, haven’t heard of any other European airlines declaring Emergencies for low fuel.

    What does being a female have anything to do with it? situational awareness wtf? More like criminal negligence and jail if that American jet they damaged went in the sea. Lied to their own engineers too on arrival, said they hit a bird as an excuse for the damage. Ignored screaming passengers who saw their aircraft strike the other. Covered up by the company. So what else goes on there on a daily basis that escapes the media or air controllers would be my concern. I wont fly with them, ever.

    Ryanair don’t spend money on safety, so you get what you pay for.

    Reply
    • that last statement is absolute bull$#!% there are very strict safety laws when it comes to aircraft maintenance and that is why a lot of airlines go bust from the high cost of maintenance to keep aircraft maintained in a safe condition to fly

      Reply
  • Is the Etihad Airways CEO not James Hogan an Irish man?

    Willie Walsh running IAG, the Irish have it well wrapped up.

    Reply

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