Emirates Clark Says Any Etihad Merger Plan Is Up to Shareholders - Bloomberg

Emirates Clark Says Any Etihad Merger Plan Is Up to Shareholders - Bloomberg:

"Emirates Airline said any merger plan with Abu Dhabi’s Etihad Airways PJSC is for shareholders to decide and no such development is likely any time soon.

“That is in the hands of the shareholders,” Emirates President Tim Clark said in a Bloomberg Television interview Tuesday in Sydney. “On the short-term, medium-term horizon, I would say no.”

Local press reports have said United Arab Emirates’ ruling families that control Emirates and Etihad have held talks about possibly combining the two. The Abu Dhabi carrier posted a loss of $1.87 billion in 2016 following the failure of an alliance-building strategy that saw it pour cash into Air Berlin Plc and Alitalia SpA, both of which later filed for insolvency. Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum said in May there have never been talks with Etihad about a merger."



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