ENU From Netherlands, joined Nov 2006, 1166 posts, RR: 0 Posted (8 years 4 months 2 weeks 6 days 14 hours ago) and read 3212 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.