Emirates Executive Says M&A Isn't in DNA of Long-Haul Carrier - Bloomberg

Emirates Executive Says M&A Isn't in DNA of Long-Haul Carrier - Bloomberg:

Dubai airline Emirates is focused on organic growth and remains averse to expanding through acquisitions, an executive said, repeating a denial that the Persian Gulf giant is in talks to take over the airline arm of unprofitable neighbor Etihad.

“Sure we want to lift synergies and create more efficiencies, but that is not a merger,” Hubert Frach, Emirates’s head of commercial operations for the Americas and Europe, said in an interview in Edinburgh Monday. “DNA-wise we come from a completely different angle. The key success formula for Emirates is organic growth."

"It gives us the speed, independence and agility," Frach said after the carrier’s inaugural flight to Edinburgh. "It’s not so much partnership, it’s not so much forming alliances.”