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EK Take A Strategic Stake In British Airways?  
User currently offlineENU From Netherlands, joined Nov 2006, 1166 posts, RR: 0
Posted (6 years 8 months 1 week 4 days 4 hours ago) and read 2497 times:

Came across this article, are this old rumours they are responding to? Why would EK be interested in BA?

Quote:
LONDON (Dow Jones)--A top executive at Emirates Airline Friday denied U.K. market speculation that the Dubai-based carrier was looking to take a strategic stake in British Airways PLC (BAY.LN).
"No, none," Emirates AirlineExecutive Vice Chairman Maurice Flanagan told Dow Jones Newswires in a telephone interview when asked if there was any truth in the rumors.
A company spokesman said separately that EmiratesEmirates "has no interest in taking a stake in BA," and will focus on organic growth.
British Airways shares rose as much as 6% on the day due to the speculation, but fell back after the denial. By 1056 GMT, the stock was up 10 pence, or 3.8%, at 278p.
Given its strong financial resources and ownership by the government of Dubai, Emirates AirlineEmirates AirlineEmirates Airline is often cited as a possible acquirer of other global airlines or a strategic investor. The carrier has repeatedly denied that it wants to acquire more holdings as it looks to bolster its international presence.

Source: http://www.zawya.com/Story.cfm/sidDN...1003723/secIndustries/pagTransport

1 replies: All unread, jump to last
 
User currently offlineEK156 From United Arab Emirates, joined May 2005, 765 posts, RR: 3
Reply 1, posted (6 years 8 months 1 week 3 days 15 hours ago) and read 2170 times:

EK Denied the report today, They said they have no interest in investing in BA at a time when they are expanding their airline. It is a rumour

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