Etihad Airways To Sell Stake in Aer Lingus
Etihad Airways will sell its share in Aer Lingus, in a bid to deepen its relationship with Air France-KLM.
Chief executive James Hogan (pictured) said Abu Dhabi-based airline will sell its 4.99 per cent stake, currently undergoing a proposed takeover by British Airways parent group IAG.
Speaking at the annual meeting for the International Air Transport Association's (IATA), Hogan announced the plan, reflecting Etihad's strategy to expand its route map in Europe and beyond.
Etihad is currently codesharing flights with Air France and Hogan detailed its plans to extend with Philippine Airlines, Garuda Indonesia and Malaysia Airlines.