No merger with Etihad, Emirates says |
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Dubai: EmiratesEmirates
, the Dubai Government-owned airline on Sunday denied any merger talks with Abu Dhabi Government-owned Etihad AirwaysEtihad Airways - a rumour circulating in corporate circles for some time, as part of a so-called bailout package by the Abu Dhabi government. "There are no merger talks taking place between EmiratesEmirates and EtihadEtihad. We have no knowledge of the federal government or Abu Dhabi, or another airline taking a stake in EmiratesEmirates," an EmiratesEmirates spokesperson told Gulf News in an e-mailed statement.
EmiratesEmirates and EtihadEtihad are among the world's fastest growing airlines that are in massive expansion mode. Between them they have about 450 aircraft on order.
While EmiratesEmirates, with 118 aircraft in the fleet, is a profitable carrier, EtihadEtihad is yet to break even. Both are operating in a growth market where passenger traffic is expected to grow for at least a decade, if not more, according to the International Air Transport Association (IATA)International Air Transport Association (IATA) projections.
The Gulf's aviation market is set to grow further as new airlines are adding to the growing traffic and helping to serve increased passenger flow to and from the region.
© Gulf News 2008
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