| Kippreport.com

Etihad interested in talks on Aer Lingus

February 11, 2012 6:16 by Reuters

The Irish government last year said it was considering selling its stake in the airline as part of a privatisation drive required under its European Union/International Monetary Fund bailout.

“When the government is ready to sit down, we’re happy to sit down and talk to them,” Hogan told the newspaper. Executives at Etihad “have looked” at Aer Lingus, but no discussions have taken place about a possible offer, he said.

The stake is valued at about 118 million euros ($157 million) based on the Irish carrier’s current market capitalization of 471 million euros.

Middle East carriers such as Etihad, Qatar Airways and Dubai-based Emirates have been aggressively expanding route networks. Etihad in December announced the purchase of a stake of almost 30 percent in Germany’s Air Berlin. *image from alrroya.com

Tags: Abu Dhabi, Aer Lingus, etihad, EU, European Union, government, IMF, International Monetary Fund, Irish, Middle East, privatisation