Emirates to grow organically, rules out takeovers

Emirates to grow organically, rules out takeovers

Emirates to grow organically, rules out takeovers
Image edited by arabourse.com
Thomson Reuters

DUBAI (Reuters) - Dubai-based Emirates airline EMAIR.UL plans to grow organically and is not in talks on any acquisitions, Emirates President Tim Clark said on Tuesday.

Emirates, the largest Arab airline, has repeatedly knocked down speculation it was considering buying British Airways BAY.L, Germany’s Lufthansa (LHAG.DE), Alitalia or other airlines.

“We have nothing to do with the any of those. We have never made any kind of overtures to stakeholders, be they state companies or otherwise,” Clark told the Reuters Middle East Investment Summit in Dubai.

“We will be growing organically and that’s the strategy.”