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Bloomberg
The UAE’s carrier Emirates ruled out investing in South Af-rican Airways (SAA) narrowing number of potential saviours of the loss-making state airline.
While Emirates and SAA are working closely to enhance their code-sharing agreement, there are no plans to invest, an Emirates spokesperson said in an emailed statement on Monday. The Dubai-based company commented after Joha- nnesburg-based newspaper City Press reported both Emirates and Etihad were in talks with SAA about a partnership, citing the UAE’s ambassador to South Africa.
SAA is in the throes of a financial crisis that has led Chief Executive Officer Vuyani Jarana to call for an aviation-industry investor to help it return to profit and avoid further government bailouts. Gulf airlines have been muted as candidates, given their routes linking major African cities with Middle Eastern hubs and other Asian and European destinations.
Nigeria is competing with SAA for attention from Gulf car-riers after announcing a new national airline at the Farnborough Air Show last week.