-
Marine Superintendent
Industry: Shipping
Location: Oman, Oman -
Commercial Manager - Logistics
Industry: Shipping
Location: Dubai, UAE
Iraqi Airways plans $100mn stake sale
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 24 December 2007
Iraq plans to sell majority stakes in three Iraqi Airways units next year to private investors to raise $100 million, the country's acting transport minister said in comments published by Middle East Economic Digest (MEED).
The government would sell stakes of between 60 and 65% in the carrier's ground handling, maintenance and catering units, the weekly magazine quoted Bangen Rekani as saying.
The airline was in talks to buy up to 10 aircraft from Boeing Co, Rekani said.
"We want to open the company to the market early next year," Rekani said. "We will reinvest in new equipment," he said.
TOP IN MIDDLE EAST TRANSPORTATION
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TRANSPORTATION
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Kuwait's Dar closes 1st part of $400mn Islamic loan
- Politics & Economics: Abu Dhabi crown prince makes surprise Iraq visit
- Retail: Dubai Sept. gold jewellery year-on-year up 32%
- Banking & Finance: Gulf states talk up markets, play down crisis
- Politics & Economics: Abu Dhabi sees housing problem over by 2012
USER COMMENTS (0 COMMENTS)
CLICK HERE TO POST A COMMENT
RELATED STORIES
Iraqi Airways
- Phoenix rising
3 Apr '08 | Features - Ahmadinejad heads for final frontier
24 Feb '08 | Comment - Iraq agrees $5bn Boeing deal
19 Feb '08 | News




