Emirates denies interest in British Airways stake

[Pieter C. 5]

Emirates Denies Interest In British Airways Stake

 

January 12, 2008

Emirates is not planning to buy a stake in rival British Airways, a spokeswoman said on Friday, denying perennial rumours that this time pushed BA shares 6 percent higher.

 

"Emirates has no interest in taking a stake in BA and is concentrating on organic growth," said a spokeswoman in London.

 

BA shares were the second-biggest climber on the FTSE share index at one point. About 11.7 million shares changed hands during the first two hours of trading, equalling the average volume for a full day's trade in the last 30 days.

 

Emirates was forced to deny rumours it was planning to buy into British Airways last February and again in March and around four times before that.

 

Other airlines it has denied being interested in buying include Germany's Lufthansa Italy's Alitalia.

 

(Reuters)

 

"where there is smoke, there is fire"...

 

[Benny Zheng 0]

Italy's Alitalia to buy BA?

[KK Lee 5]

 

EK is run by Englishman, unless BA is in serious trouble and need capital injection else EK won’t be buy BA.

 

 

[BC Tam 2]

Italy's Alitalia to buy BA?

I believe the reuters report is of EK's denial it intends to buy into LH and/or Alitalia.

Initially read the same thing as you though !