- Mar 22, 2005
I know we should not believe everything we read, but has anyone got any other information from a reliable source?
www.flightglobal.com said:Emirates denies plotting take-over bid for British Airways after share price spike
Emirates denies plotting take-over bid for British Airways after share price spike
Emirates Airline has denied it is investigating a take-over deal for UK carrier British Airways in a bid to widen its portfolio and geographical reach.
BA shares jumped in early trading on the London stock exchange today after overnight speculation of a bid for the carrier by the United Arab Emirates (UAE) government-owned concern.
The UAE is keen to become a major player in the global aerospace, aviation and airline sectors and Emirati investment in companies has increased in recent months. BA would offer the cash-rich airline a global network to complement its Dubai hub for Asia-bound flights.