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Monday, 26 April 2010

Emirates ‘ready’ for IPO
if govt gives go ahead

Emirates airlines, the Middle East’s largest carrier, is ready to launch an initial public offering once it gets go ahead from the Dubai government, its chairman said on Sunday.

Shaikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline, said the final decision on an IPO would have to be taken by the Government of Dubai. “We will always be ready, whenever the government takes such a decision,” he said.

However, Shaikh Ahmed added it would take one year to float the IPO once the decision is taken.