Dubai's Emirates, the largest Arab airline, intends to sell as much as 30 percent of its shares to the public, to help finance aircraft purchases, the state-owned carrier's chairman said on Tuesday.
"We have not begun any steps so far, but the intention is there," Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum told Al Arabiya television.
"We are talking about 20-30 percent," he said, without indicating when the shares would be sold.
"The timing of such an IPO, if there was to be one would be a decision for the government of Dubai," Simon said.
More at the Times Online UK
Article also states that the IPO would value the airline at around US$30 Billion.