Emirates and Etihad Airways deny takeover plan
The two airlines say a merger is not in the pipeline
Emirates and Etihad Airways on Thursday denied a media report stating that Emirates is considering taking over the Abu Dhabi-based carrier.
Bloomberg reported that talks for the potential deal are only at a preliminary stage and any agreement would require approval from government authorities, citing people familiar with the matter.
“Etihad Airways denies any plans for an Emirates takeover,” an airline spokeswoman said in a statement to The National.
An Emirates spokeswoman said that “there is no truth to this rumour”.
News reports about a potential merger between the two UAE-based airlines have surfaced over the last year and periodically in the past decade, sparking speculation over such a move, which would create the world’s biggest airline by passenger traffic.
Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum and its president Sir Tim Clark have previously denied reports of any merger talks between the two carriers.
Updated: September 20, 2018 07:09 PM