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Etihad rules out selling Aer Lingus stake

James Hogan, the chief executive of Etihad Airways has ruled out plans to sell the airline's 2% stake in Aer Lingus, the Irish flag carrier subject to a takeover bid by Ryanair, the Financial Times has reported. "We are not selling', giving his backing to Aer Lingus's current management and its strategy," Hogan said. "We have invested due to our view of the Aer Lingus business model and the success the management are having implementing that model. We continue to support that management team," he said. In June, Aer Lingus called on its shareholders to reject the latest bid from rival Irish airline Ryanair, which values the company at $868m.