Emirates Mulls Foreign Airline Buys

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Published: April 16, 2012

Dubai airline Emirates is studying new opportunities to buy foreign carriers if they fit the emirate’s strategy, the state news agency quoted the chairman of the fast-growing carrier as saying on Monday.

“Now there are studies for various opportunities to acquire international carriers… if they fit the Dubai business model,” UAE news agency WAM cited the airline’s chairman Sheikh Ahmed bin Saeed al-Maktoum as saying.

“Anything to do with aviation and our business, if it is at the right price, we are always interested,” Sheikh Ahmed said at an aerospace conference in Abu Dhabi, the capital of the UAE.

But the Dubai government-owned carrier was not in talks with any Indian airline at the moment, he said.

India’s cabinet is expected to make a decision on whether to allow foreign airlines to buy stakes in local carriers this week.

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