Etihad Airways will sell its 4.99 per cent stake in Aer Lingus, the Gulf airline's chief executive has confirmed.
James Hogan revealed the news at the International Air Transport Association's (IATA) annual meeting yesterday.
Last month, the Irish government agreed to sell its 25 per cent stake in Aer Lingus to British Airways' parent company IAG (see news, May 27), thereby approving the takeover.
Hogan also revealed that Etihad has agreed to strengthen its codeshare agreement with Air France-KLM, starting later this year.
It currently has its EY flight code on services to nine Air France destinations and to 21 with KLM.