Dubai Considers Selling Share in Emirates Air
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Emirates airlines said at a press conference that the emirate is "working on opening the capital of some of our leading companies to the public." The control of the airline would remain with Dubai.The airline has experienced rapid growth and recorded a profit nearly every year. The company had a record profit increase of 248 percent in the last fiscal year and has said it could hit $1 billion in profits this year.
The luxury airline isn't the only state-owned property that could be opened to the public, DP World, which operates ports around the world, may also be part of this program.