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Etihad will likely sell minority stake in Aer Lingus if IAG 'take control' - CEO

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Aer Lingus

Aer Lingus

Bloomberg

Aer Lingus

Etihad Airways will likely sell their minority stake in Aer Lingus if IAG 'take control' of the Irish carrier, Etihad chief executive said.

Mr James Hogan told Flightglobal Etihad Airways will sell their almost 5pc stake in the airline if IAG are successful in acquiring Aer Lingus.

“If they take control… you will most likely see us no longer [being] a shareholder,” Hogan told the publication.

He said he expects a 'different strategy' if the IAG takeover is successful.

“If they acquire control, then it will most likely be a different strategy,” he said.

“We will cross that bridge when we come to it.”

Etihad first acquired a stake in Aer Lingues in 2012 and boosted its share from 3pc to almost 5pc last year.

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