Emirates-Etihad possible merger?

Based in the United Arab Emirates, Emirates and Etihad have been competing fiercely to build global networks around their respective hubs in Dubai and Abu Dhabi rather than working together, even as they battled overcapacity, security concerns and a fall in regional business travel.

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Emirates is open to cooperation with rival Etihad Airways on areas including procurement, its president Tim Clark said on Wednesday, adding a full merger between the pair was unlikely but up to the owners.

Etihad, which has been hit hard by loss-making investments in European carriers Air Berlin and Alitalia, last month said it would appoint Britain’s top defense buyer, Tony Douglas, as its new CEO from January as the airline rethinks its aggressive global expansion strategy.

Source Credit: Reuters
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