Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
EK Take A Strategic Stake In British Airways?  
User currently offlineENU 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?

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: 2
Reply 1, posted (8 years 4 months 2 weeks 6 days ago) and read 2885 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

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Xinhua: Airbus To Take 51% Stake In China Plant posted Mon Oct 9 2006 08:14:01 by N328KF
Swire/CX To Take A Majority Stake In KA? posted Thu Jun 9 2005 18:22:11 by United Airline
Trident In British Airways Landor Scheme? posted Thu May 26 2005 23:06:16 by Yanksn4
British Airways: Not Eyeing Stake In Swiss posted Mon Aug 18 2003 11:37:15 by Keesje
3 Airlines Want EK Stake In UL posted Thu Jan 10 2008 02:44:59 by UAEflyer
MTU To Take Stake In PW GTF-report posted Sat Dec 15 2007 08:23:42 by Lumberton
3 British Airways 777s In SEA Today! posted Mon Jan 1 2007 10:38:23 by RoseFlyer
British Airways / WestJet In Prelim. Talks posted Thu Dec 14 2006 21:28:44 by JBLUA320
British Airways Seats In 'The Holiday' Film. posted Tue Dec 12 2006 16:29:59 by 8herveg
British Airways 777 In Near Collision posted Sat Oct 21 2006 01:34:46 by Ge90110b1