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
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