Emirates, Etihad airlines deny report they may merge
Updated : September 21, 2018 06:37 AM IST
Emirates is owned by the government of Dubai, the region's tourism hub, while Etihad is controlled by the government of neighbouring Abu Dhabi, which thanks to oil exports is the wealthiest member of the United Arab Emirates.
Both airlines, which grew rapidly earlier this decade, have faced financial pressures in the past two years because of tough competition in the industry and a regional economic slowdown due to low oil prices.
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