Emirates announces possible sale of shares.
The chairman of Emirates airline said Tuesday that an initial public offering of the Dubai-based state carrier’s shares is feasible, at a time when the state is trying to boost its local financial market.
Emirates’ Tim Clark told reporters at the Dubai Air Show that a proposal to sell Emirates shares “is out there” after his boss, Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum, commented on the possibility.
→ Emirates announces major retrofit programme 105 aircraft.
Clark said Emirates, long the jewel of state-linked companies that analysts call “Dubai Inc,” is attractive to future investors, AF reported.
“Of course the pandemic has hampered us, but, as you know, Emirates’ profitability is a well-known fact,” he commented. “We will restore that in the next six to eight months. We are already on track to do that.”
Photo: Cory W. Watts/Wikimedia
Related Topics
Airbus Strengthens Global Presence with New Assembly Lines in U.S. and China
British Airways to Fly Between London and St. Louis, Missouri in Summer 2026 Season
Spirit Airlines Announces Significant Progress in Restructuring with Key Agreements
American Airlines Brings Mainline Comfort to Regional Flights
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.