FINANCIAL NEWS

IPO next year: Qatar Airways

30 Apr 2011

(MENAFN) Akbar Al Baker, Qatar Airways Chief Executive O stated that the airline is planning an initial public offering (IPO) in 2012 as a part of the expansion plan needed for the 2022 FIFA World Cup, Khaleej Times reported.

He said that the airline’s plans for 2022 include a fleet of 140 young aircraft covering 130 global destinations. Qatar Airways has orders for 80 Airbus A350s, 60 Boeing 787s, 32 Boeing 777s as well as five orders of the twin-deck Airbus A380 super jumbos, thus making it one of the fastest growing Arab airlines.

It is worth mentioning that Qatar Airways was established in 1993 and started operations in 1994. It was originally owned by private members of the Qatari royal family. Currently, the Government of Qatar holds 50% stake of Qatar Airways and the rest is held by private investors.

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