Emirates plans No IPO, But More Orders

By Jens Flottau jens@flottau.com .
Frankfurt .

Emirates will not launch an initial public offering (IPO) this year or next, according to Chairman Sheikh Ahmad bin Saeed al-Makhtoum. “There is no need to do it today and nothing will happen this year and next,” he said at the Emirates annual press conference in Dubai on Tuesday. The carrier also deferred its plans for a bond offering “because we don’t need the money and the price did not suit us.” Emirates has cash reserves of $4.4 billion ...

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