Tuesday, 14 June 2011

Qatar Airways may go public this year

Qatar Airways, the country's flagship carrier, is considering an initial public offering (IPO) in 2011 and has appointed advisors for the purpose, its chief executive said on Tuesday.

"It could be this year. The more market share we gain, the timeline moves forward," Akbar Al Baker told reporters. He declined to name the advisors.

In December, the company indicated it was planning an IPO in early 2012 after three consecutive years of profit.

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