Emirates IPO 'in two to three years'

16 November 2009

Sheikh Ahmed bin Saeed Al-Maktoum, Chairman of Emirates Airline has said the carrier may be ready to launch an initial public offering in two to three years, Bloomberg has reported. 'Because the market is going towards growth, within two to three years from now would be excellent,' he said, adding that any decision on the matter would rest with the government. In the six months to September, the group's sales fell 13.5% on lower passenger and cargo yields, forcing cost cuts in order to increase earnings.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications