Airlines deny report that Emirates is in talks to take over Etihad

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  • Sheik Makhtoum & Sheik Khalifa airlines in competition
  • Hubs are just 76 miles apart

Tim Clarke chair of Emirates

Dubai-owned Emirates and the UAE-owned national airline Etihad have denied a Bloomberg report which quoted sources as saying Emirates was seeking to take over its UAE neighbour airline to create the world’s largest carrier.

“There is no truth to this rumour,” an Emirates spokeswoman told the Reuters news service. Etihad made a similar statement when questioned.

Both carriers fly from Dublin to their respective hubs, in Dubai and Abu Dhabi.

Peter Baumgartner CEO of Etihad

The takeover report was from Bloomberg, which said: “The talks, which are at a preliminary stage, would see Emirates acquire the main airline business of Abu Dhabi’s Etihad, which would keep its maintenance arm.” Bloomberg said unnamed sources told it that “negotiations could yet fall through”.

Earlier this year, the two carriers signed agreements to cooperate in some areas, such as a deal under which Etihad pilots can join Emirates on a temporary basis for two years.

See also  Travel industry and Irish stars celebrate 10 years of Emirates in Ireland

Emirates operates 3,600 flights per week from its hub at Dubai to 140 cities in 81 countries with 58.4m passengers and 64,768 employees. Etihad operates 1,000 flights per week to 120 cities with 186m passengers and 24,558 employees.

Dubai is the world’s third busiest airport with 88m passengers. Abu Dhabi currently transits 20m passengers a year. The new midfield airport terminal, due to open in 2017, has been rescheduled for 2019

 

 

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