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Jan 11, 2008

Emirates Airlines denies interest in BA stake

BC-BRITISH AIRWAYS-EMIRATES/ (URGENT)LONDON, Jan 11 (Reuters) - Emirates airline is not planning to buy a stake in rival British Airways , a spokesman said on Friday, denying rumours that pushed BA shares as much as 6 per cent higher.

'Emirates has no interest in taking a stake in BA and is concentrating on organic growth,' said a spokesman in London.

BA shares were up 4 per cent at 278.75 pence at 1059 GMT.

About 11.7 million shares had earlier changed hands, equalling the average volume for a full day's trade in the last 30 days. -- REUTERS