Originally posted by lordvader
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Emirates won't bail out Qantas: Clark
Dubai’s Emirates Airline has reportedly ruled out any financial bailout of its Australian alliance partner Qantas, which is appealing for its foreign ownership limit to be raised after recording huge losses.
But even if Qantas’ plea is successful, Emirates president Tim Clark told the Australian newspaper West Australian, he would not buy into the airline.
Clark said he "would watch [the situation] carefully" but Emirates did not have the "bottomless pit of cash" Virgin Australia's partner Etihad Airways had.
"So no, equity is not on the table,'' Clark said.
Last month Clark said "Emirates business model did not involve equity stakes in other airlines".
“If you then get involved in management of other entities, it does take your eye off the ball,” he said.
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