Emirates Could Become World’s Biggest Carrier with Possible Etihad Takeover
Dubai’s Emirates Airline is looking at taking over Etihad. The move that would create the world’s biggest carrier by passenger traffic if it goes through. The rumors have been floating around for a while, but Bloomberg now reports that the takeover is in the works.
Emirates would only acquire the main airline business of Abu Dhabi’s Etihad, which would keep its maintenance arm. Bot airlines have denied these rumors.
If the takeover was, to go ahead the enlarged airline operation would be bigger than American Airlines, which has a world leading market value of $19.2 billion.
It’s not an easy deal to pull off. It would require the blessing of the rulers of the richest sheikhdoms in the United Arab Emirates. The two airlines have been long time rivals, and part of the Gulf Three (along with Qatar), competing for transfer passengers on long-distance trips between Asia and the West.