Shooting down scepticism over Qatar Airways’ ability to take delivery of all its plane orders, chief executive officer AkbarBacker Al Baker said the airline doesn’t buy such expensive assets to park them or to show an inflated fleet size, but to serve the economic interest of the Gulf nation.
Talking to Khaleej Times on the sidelines of a Seattle event to mark the delivery of the Middle East’s first Boeing 787 order on Monday, Al Baker said the carrier had no plans to float an initial public offering (IPO) or to start a budget airline for the time being.
He said the world economy would take some time to recover, so the situation is not right for an IPO launch. He also said he is also too busy expanding the company to think about a budget airline and venturing into outside markets like India. He, however, said Qatar Airways would keep all its options open.
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