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DUBAI, United Arab Emirates (AP) Dubai-based airline Emirates is denying media reports it might merge with Abu Dhabi's Etihad Airways or that it is the target of a partial buyout.

Emirates said in a statement Monday that "there are no merger talks taking place" between the rival Emirati carriers.

Etihad also said it "can categorically state that there are no talks either formal or informal" of a possible deal.

Merger speculation has grown in recent weeks amid concerns over the debt load carried by Dubai and its state-owned companies, including fast-growing Emirates.

The carrier also said it has "no knowledge" that oil-rich Abu Dhabi, the UAE federal government or another carrier might take a stake in the airline.

(Copyright 2008 by The Associated Press. All Rights Reserved.) APNP 12-01-08 0720CST | save this article / add to your favorites list