Aviation

Emirates rumored to be considering Etihad take over

Emirates are rumoured to be considering taking over Etihad, which would form the world’s biggest airline by passenger traffic.

Bloomberg reports “four people familiar with the matter” who asked not to be named, said the Dubai airline was in preliminary talks to consider buying its neighbouring unprofitable Abu Dhabi airline, though negotiations could yet fall through.

Both airlines have denied the allegations, after initially declining comment.

But if the transaction were to go ahead, it would require the blessing of the most wealthy sheikhdoms in the UAE.

Plus, the merger would make Emirates bigger than American Airlines, which has a market value of $26.3 billion.

According to IATA, Emirates is already the world’s biggest airline on international routes and ranks fourth overall behind the top three US carriers.

1024px-A6-EYG_Etihad_1

Forbes reports speculation that Emirates might step in to save Etihad has been lingering for some time, with Etihad having recently failed in an attempt to reinvent itself by investing in smaller struggling airlines in Europe and Asia.

One of these airlines, Air Berlin, collapsed last year and another, Alitalia, has filed for bankruptcy protection.

Emirates President Tim Clark said in June that he saw nothing happening in the way of an acquisition in the short-to-medium term.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Hotels

Australia’s first Mövenpick hotel opens its doors

Among the offerings at this new Accor hotel is a daily ‘Chocolate Hour’, which we can only assume involves bathing in Cadbury Dairy Milk.

Share

CommentComments

Destinations

Tourist slammed for daring Instagram video on the edge of 500m waterfall

A 25-year-old influencer has been heavily criticized for taking photos of herself on the edge of a very threatening looking waterfall and, you know, fair enough.

Share

CommentComments

Cruise

CLIA names new global chairman

There’s been a major change in CLIA’s boardroom, and we’re not talking about the new fiddle-leaf fig.

Share

CommentComments

Tourism

DFAT accidentally advises visa applicants to travel overseas despite COVID-19 pandemic

Looks like someone at the Department of Home Affairs is getting fired after accidentally telling visa applicants to get overseas immediately during a global pandemic.

Share

CommentComments

Travel Agents

Savvy agent scores loads of cruise bookings during Victoria’s lockdown

Meanwhile, the only thing Travel Weekly’s achieved in lockdown was to eat his weight in potato chips while cramming as many Netflix series into one day as possible.

Share

CommentComments

Tourism

Northern Beaches COVID-19 outbreak led to $7 billion loss for tourism industry: TTF

Avalon residents have reportedly gone back into quarantine to escape the blame for this huge loss to the tourism industry.

Share

CommentComments

Travel Agents

Federal government urged to introduce HECS-style loan scheme for small businesses

Could this turn out to be another much-needed funding opportunity for travel agents? Let’s bloody hope so.

Share

CommentComments

Aviation

Air New Zealand updates international flight schedule to end of June

Keen to know the Kiwi carrier’s international movements over the next few months? All is revealed here.

Share

CommentComments

Destinations

WATCH: “Naughty” tourists forced to do push-ups for not wearing masks in Bali

Travel Weekly staff would do anything to avoid doing push-ups. Hell, we’ll wear six masks if we have to.

Share

CommentComments

Technology

Airbnb appoints new regional boss

APAC hoteliers are looking over their shoulder after the home-sharing giant named its new bossman for the region.

Share

CommentComments

Tourism

WTTC releases mental health guidelines for travel and tourism sectors

At a time when mental health could not be more important, the world’s leading tourism organisation has released some new guidelines to help businesses of all sizes in the industry support their employees.

Share

CommentComments

Cruise

Silversea announces huge commission bonus, as Silver Dawn hits the water

Would you like to get a fat bonus on top of your next cruise commission? Get on board this latest offer from Silversea.

Share

CommentComments