Friday 9 March 2012

Gulf Times – Qatar Airways chief says IPO postponed for years

Any stock market flotation of Qatar Airways has been pushed back by several years due to wider economic turmoil, the chief executive of the state’s flag carrier said.
“I do not think it will be any closer than five to eight years,” Akbar al-Baker said at the ITB Berlin travel fair.
Qatar Airways indicated late in 2010 it was planning an initial public offering in early 2012 after three consecutive years of profit.

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