Middle East Airlines postpones flotation
Flag carrier Middle East Airlines (MEA) has been forced to delay the flotation of up to 25 per cent of its shares on the Beirut Stock Exchange (BSE) because of the disruption caused by the recent attacks and blockade by Israel (MEED 15:9:06). 'It's better to wait and see what's happening in the market,' says MEA chairman and director-general Mohammed el-Hout. 'I don't expect a listing in the first quarter of 2007.'
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