Emirates denies plotting take-over bid for British Airways

[JohnK]

I know we should not believe everything we read, but has anyone got any other information from a reliable source?

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.


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[NM]

Never believe a rumour until it has been denied!