Dubai transfers ownership of Emirates, Dnata to IDC

31 December 2008

The government of Dubai has transferred ownership of Emirates airline and air travel services firm Dnata to state-owned Investment Corporation of Dubai (ICD), Emirates said yesterday. The airline did not give a reason for the move and it was not immediately clear if the decision might be linked to a move towards privatising the carrier or selling a stake in it. 'The transfer does not affect the management structure nor any of our contracts with employees, suppliers or other third parties,' a spokesman said.

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