Emirates: President Tim Clark denies merger or acquisition of Etihad - Business Insider

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Emirates president says the airline won't merge with Etihad, despite rumors spurred by the coronavirus crisis

"Etihad is a much leaner airline than it was three or four years ago, and it's far more fit for purpose than perhaps it was," he said. CEO Tony Douglas has downsized the airline to make it a better fit for the markets it serves, Clark said, without overextending itself.

"Etihad was improving its situation. It wasn't a very good situation but it was getting better. Emirates was on a roll up until January, we were going to finish one of our best financial years," he said. "So if you remove COVID, where were we? We were both getting on with our jobs." "I've seen the growth of mass movements in air over the last 45 years," he said. "And frankly it's unstoppable."

Sir Tim Clark, longtime president of Emirates. Clark, who has worked in the airline business since the early 1970s, helped found Emirates in 1985 as its head of planning.In any case, Clark said, the governments of Dubai and Abu Dhabi — which own the national airlines — would have final say.

 

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