<p>Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.<br /><br /></p>.<p>"In response to recent inaccurate stories in the media, Emirates can confirm it has no plans to acquire a stake in any airline in India or elsewhere," an Emirates spokesperson told daily 'Khaleej Times'.<br /><br />The spokesperson added that the carrier was "focused on its own growth" and was investing substantially in its own fleet and network expansion plans.<br /><br />Earlier reports in India, quoting unnamed sources, had said that Emirates was in talks to pick up a stake in SpiceJet.<br /><br />Last week, SpiceJet CEO Neil Mills put in his papers and rumours were fanned of a possible stake sale to a Middle East carrier.<br /><br />This followed the clearance of a modified deal between Abu Dhabi-based airlines Etihad and India's Jet Airways by India's Foreign Investment Promotion Board, under which the Etihad would get 24 per cent stake in Jet Airways for Rs 2,058 crore.<br /><br />Emirates flies 185 weekly flights to 10 cities in India. The airline has a weekly seat capacity of 54,200 from Indian cities to Dubai.</p>
<p>Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.<br /><br /></p>.<p>"In response to recent inaccurate stories in the media, Emirates can confirm it has no plans to acquire a stake in any airline in India or elsewhere," an Emirates spokesperson told daily 'Khaleej Times'.<br /><br />The spokesperson added that the carrier was "focused on its own growth" and was investing substantially in its own fleet and network expansion plans.<br /><br />Earlier reports in India, quoting unnamed sources, had said that Emirates was in talks to pick up a stake in SpiceJet.<br /><br />Last week, SpiceJet CEO Neil Mills put in his papers and rumours were fanned of a possible stake sale to a Middle East carrier.<br /><br />This followed the clearance of a modified deal between Abu Dhabi-based airlines Etihad and India's Jet Airways by India's Foreign Investment Promotion Board, under which the Etihad would get 24 per cent stake in Jet Airways for Rs 2,058 crore.<br /><br />Emirates flies 185 weekly flights to 10 cities in India. The airline has a weekly seat capacity of 54,200 from Indian cities to Dubai.</p>