Emirates Seeks Ipo to Expand

Birmingham PostMay 04, 2005

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Summary


Dubai's Emirates airline - due to launch its second daily service from Birmingham on June 1 and already hinting at the possibility of a third flight - is considering an initial public offering to help its rapid expansion.

But the government of fast growing Dubai has yet to make a decision, the company's chairman said yesterday.

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Extract


Emirates Seeks Ipo to Expand

'We have one new aircraft coming every month for the next five to six years and that takes a lot of financing,' said Sheikh A...

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