UAE's Emirates, Etihad airlines deny reports of merger
Emirates and Etihad, two state-owned airlines in the UAE, have denied reports that said Emirates was seeking to take over Etihad to create the world's largest carrier. Emirates is owned by the government of Dubai, while Etihad is controlled by the government of neighbouring Abu Dhabi. In May, Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum ruled out a merger.