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DUBAI - Emirates airline, the largest Arab carrier, said it intends to sell as much as 30 per cent of the company in an initial public offering to help finance more than US$60 ($81.09) billion of aircraft purchases.
"We have not begun any steps so far, but the intention is there," Emirates Chairman Ahmed bin Saeed al-Maktoum told Al Arabiya television overnight (NZ time), when asked about IPO plans.
"We are talking about 20-30 per cent," he said, without indicating when shares might be sold. The stock would list in Dubai, he said, without being more specific.
- REUTERS
