It was tIme for a familiar rumor to resurface in late September: Emirates, the story goes, is talking to Etihad Airways about taking over or merging with its smaller rival. The Gulf carriers from Dubai and Abu Dhabi would combine into one big airline from the United Arab Emirates (UAE). There was much immediate excitement in the airline world—but then, of course, nothing happened. The idea that Emirates and Etihad are about to merge has been floating around for some time, reported by ...

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