The DXB liquidity issue makes sense, seeing that all the companies listed on the DIFX are (in a six degrees kind of way) linked to the ruling family. And we all know what is happening stock marketwise.
The scary thing to me, is that if the 2 Es decided to merge, this would cause a massive overlap in the route networks and if we take their public figures to any level of credibility (74% load factors on big red). Who gets kept until the merged company secures a few more worldwide parking slots?
Dum da dum dum.