Emirates, Etihad airlines deny reports of merger

Irving Hamilton
September 23, 2018

Etihad Cargo, the cargo and logistics arm of Etihad Airways, today announced a much-anticipated refresh of its global freighter network that will be implemented commencing 1 October, 2018, marking a key milestone in its strategy to simplify its route network and maximise freighter-to-bellyhold flows.

A Bloomberg report citing unnamed sources recently stated that Emirates was seeking to take over Etihad to create the world's largest carrier.

According to IATA statistics, Emirates is the world's fourth largest airline by passenger numbers, behind American, Delta Air Lines, and United Airlines.

However, Emirates quickly denied the report.

An Emirates spokeswoman said the company doesn't comment on speculation, as did a spokesman for Etihad, Bloomberg News said.

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The Emirates-Etihad merger was rumoured, as the two carriers have been facing financial pressures in the last two years.

Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum and its president Sir Tim Clark have previously denied reports of any merger talks between the two carriers. "But we're not the owners".

For Abu Dhabi, which sits on 6 percent of global oil reserves, it would advance a drive to overhaul state-controlled entities as it adapts to lower crude prices.

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